2002 (1) TMI 123

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..... s appeal has been preferred by the appellants against the impugned order-in-appeal dated 11-5-2001 of the Commissioner (appeals) vide which he had affirmed the order-in-original, dated 27-7-99 of the Additional Commissioner confirming the duty demand of Rs. 1,74,332/- with equal amount of penalty under Section 11AC of the Act and also directing the payment of interest at the rate of 20% in terms o .....

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..... and also directed them to pay interest at the rate of 20%. This order of the Additional Commissioner had been confirmed by the Commissioner (appeals). 3. None has come present for the appellants today. The Counsel has sent written submissions and also prayed for an adjournment. We do not find any sufficient ground to allow adjournment. We have gone through the written submissions and heard .....

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..... appeals) in details. We also find that duty demand in respect of sale of old parts by them, had not been confirmed against them. The adjudicating authority, by taking into consideration this plea of the appellants, reduced the demand from Rs. 2,09,109/- as raised in the show cause notice, to Rs. 1,74,332/- and this demand pertains to the sale of scrap by them. 5. The ratio of law laid down .....

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