2005 (1) TMI 557

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.... the Respondent. [Order per : V.K. Agrawal, Member (T)]. - Shri Ashok Sagar, learned Advocate, submitted that the Applicants M/s. International Tobacco Co. Ltd. manufacture cigarettes, that the Deputy Commissioner has disallowed the Cenvat credit of Rs. 44,32,127.54 and imposed a penalty of Rs. 44 lakhs and demanded the interest @ 24%; that the Commissioner (Appeals) also under the impugned Orde....

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....rtunity to show cause against the quantum of interest; that the Appellate Tribunal is empowered under rule 41 of the CEGAT (Procedure) Rules, 1982 to make such order or give such direction as may be necessary or expedient to give effect or to prevent abuse of its process or to secure ends of justice; that this is a fit case where the inherent power contained in Rule 41 are to be exercised. 2.Oppo....