2016 (11) TMI 1474

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..... y During the period from March, 2006 to December, 2006, the appellant imported a quantity of 2547200 numbers of Ball Bearings. Subsequently, the appellant removed a total quantity of 1907800 Nos. of bearings to its Faridabad unit under cover of invoice and on payment of duty. On being pointed out by the Department, the appellant paid the additional duty of Customs amounting to Rs. 9,50,191/- invo .....

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..... ction 11AC of the Central Excise, 1944 read with Rule 25 of the Central Excise Rules, 2002. Hence the present appeal. 2. Heard both sides and perused the case records. 3. I find from the records that the appellant availed the Cenvat Credit on the imported ball bearings and duly recorded in the Cenvat Accounts while clearing the imported ball bearings to their own unit at Faridabad, they reversed .....

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..... enalty of 25% of duty within the specified period. 4. In view of the above discussions, the demand of duty alongwith interest and penalty are upheld. As the appellant had already paid the entire amount of duty alongwith interest, the amount of penalty shall be 25% of the duty so determined, subject to the condition that such reduced penalty is paid within 30 days of the date of communication of t .....

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