TMI Blog2016 (5) TMI 840X X X X Extracts X X X X X X X X Extracts X X X X ..... along with interest there was no need for visiting the appellant with penalty. - Appeal No. E/952/11 - Order No. A/87538/16/STB - Dated:- 4-5-2016 - MR. M.V. RAVINDRAN, MEMBER (JUDICIAL) For the Petitioner : None For the Respondent : Shri N.N. Prabhudesai, Supdt (AR) ORDER PER : M.V. RAVINDRAN This appeal is directed against Order-in-Appeal No. AKP/NSK/49/2011 dated 28.2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the inputs gone into manufacturing of such exempted goods. On being pointed out, appellant reversed 8% or 10%, as the case may be, of the value of the exempted goods in his CENVAT account. Revenue authorities issued show-cause notice for appropriating the said amount on the appellant, the interest paid and were also seeking penalty. Both the authorities imposed penalty of equivalent amount. 3. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ances of the finished goods without payment of duty and reversed the CENVAT credit on inputs utilized for such exempted goods. He has reversed 8% or 10% of the value of the exempted goods cleared from the factory. The appellant has done so on being pointed out by the department and has also paid interest. I find from the records the first appellate authority in the impugned order had in para 11 ca ..... X X X X Extracts X X X X X X X X Extracts X X X X
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