2003 (9) TMI 685

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..... pondent. [Order]. -  The appellants are a well-known manufacturers of Dental Care and Toilet articles and were availing Modvat credit on inputs used in relation to manufacture of excisable goods. They in the usual course of business cleared from the factory, on payment of duty, certain finished products to their depots all over India. At the depots certain goods were found to be defective. .....

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..... the matter came up for hearing, it was fairly accepted by both sides, that there was no contest on the reversal of Rs. 96,000/- and the appeal as regards the penalty was pressed. The matter was therefore taken up for final decision by this order. It is found that :- (a)     the lower authority has held "the appellants contention that there was no suppression of facts was not .....

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..... matter and reduced the penalty, which is found was called for, in this case, to Rs. 1,000/-. No reason is found by me to reduce the same any further; (c)     as regards interest the Commissioner has restricted the period from 28-9-96 to 2-2-97 i. e. after the enactment of the section. No ground is found to upset the order. 4. In view of the findings the appeal is dismiss .....

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