2012 (5) TMI 548

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..... espondent. ORDER The appellants are engaged in the manufacture of processed fabrics. The dispute in the present appeal relates to deemed credit of Rs. 49,352/- availed by the appellants in terms of Notification No. 29/96-C.E. (N.T.). The said notification was rescinded on 1-4-2000 vide Notification No. 24/2000-C.E. (N.T.). W.e.f. 1-4-2000, the appellants switched over to compounded levy scheme t .....

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..... psed. The appellant was not covered under the subsequent Notification issued under Rule 57A of Central Excuse Rules, 2002 as they were working under compounded levy scheme. As such I hold that the appellant was not entitled to carry forward the balance credit of Rs. 29,352/-. Accordingly I confirm the same. However, in respect of penalty of Rs. 2,000/-, I find that this is not the case involving a .....

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