2019 (3) TMI 1366

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..... DER The issue involved in all these appeals being the same, they are heard together and disposed by this common order. The appellants are aggrieved by the demand of interest and the penalty imposed even though the wrongly availed credit has been reversed by them. 2. Brief facts are that the appellants are manufacturers of Steel Forgings and machined Aluminium rings and End cuttings. They are av .....

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..... a submitted that the appellants had actually availed the credit on the basis of invoices. At the time of appeal before Commissioner (Appeals) they were not able to produce the invoices as these were misplaced. After the adjudication, the appellants had reversed the credit. The Commissioner (Appeals), however, imposed penalties and also confirmed the demand and interest. He relied upon the decision .....

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..... e decision in the case of M/s. Strategic Engineering (P) Ltd., (supra), I am of the view that the demand of interest and the penalties imposed cannot sustain. The impugned order is modified to the extent of setting aside the demand of interest and the penalties imposed without disturbing the confirmation of demand therein. The appeals are allowed above with consequential reliefs, if any. (Dictate .....

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