2015 (1) TMI 1177

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..... e, Adv. JUDGMENT (Per : Honourable The Acting Chief Justice Mr. Vijay Manohar Sahai) 1. We have heard Ms.Rujuta R.Oza , learned advocate for Mr.R.J.Oza , learned Senior Standing Counsel for the appellant and Mr.Paresh M.Dave , learned advocate for the respondent. 2. While admitting this appeal on 18.10.2007, the Court had formulated the following substantial questions of law: "1. Whether the .....

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..... peal the CESTAT has allowed the appeal of the Revenue and set aside the penalty of Rs. 3 ,63,100 /- imposed on the assessee . The order of the CESTAT is challenged by the Revenue in this tax appeal . 4. A Division Bench of this Court in the case of COMMISSIONER OF CENTRAL EXCISE & CUSTOMS V. STOVEC INDUSTRIES LTD., reported in 2014(33) STR 124 ( Guj ) held that in view of instruction dated 17.8.2 .....

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