2018 (9) TMI 5

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..... rt. - APPEAL No. E/87647/2017 - A/87085/2018 - Dated:- 11-4-2018 - Mr C J Mathew, Member (Technical) Shri V B Gaikwad, Advocate for appellant Shri S J Sahu, Asst. Comm.(AR) for respondent ORDER 1. The appellant, M/s S M Shankarrao Mohite Patil SSK Ltd seeks setting aside of penalty of ₹ 2,38,132/- imposed under the erstwhile rule 13 of CENVAT Credit Rules, 2002, in o .....

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..... authority, who, in fresh proceedings, imposed penalty of ₹ 2,38,132/-. It is the contention of learned Counsel that the dispute was subject to interpretation and that they had suffered a huge interest liability which was sufficient to waive imposition of penalty. It is his further contention that an amount of ₹ 5,00,000/- has been reversed in the first instance in accordance with the .....

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