2005 (3) TMI 254

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....(T) (Oral)]. - Shri Venkatachalam, learned Counsel for the appellants submitted that the entire duty amounting to Rs. 13.57,824/- has been deposited by the appellants even before issue of the show cause notice. The appellants have also deposited the entire amount of interest. They are contesting the imposition of penalty which is equivalent to the amount of duty and another penalty of Rs. 25,000/-....

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....up the appeal itself for disposal as the issue involved is imposition of penalty. 4. We do not find substantive force in the submission of the learned Counsel for the appellants that no penalty is imposable on them as they have paid the entire duty along with interest before the issue of show cause notice. The decision of the Larger Bench is based on the decision of the Hon'ble Supreme Court in....