TMI Blog2003 (9) TMI 178X X X X Extracts X X X X X X X X Extracts X X X X ..... is a manufacturer of several varieties of wrist watches. A duty demand of over Rs. 1.7 crore and a penalty of Rs. 1 lakh has been confirmed under the order impugned. The duty demand has resulted from denial of Modvat credit on the inputs used by the appellants in the manufacture of wrist watches. 2. The reason for the denial of Modvat credit is that the appellant took Modvat credit in respect of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eping of accounts on computer and their request had been recommended by the jurisdictional Assistant Commissioner to the Commissioner, Central Excise, Meerut. Specific reference in this connection was made to the letter dated 28-3-1995 of the jurisdictional Assistant Commissioner to the Commissioner. It is the submission of the appellant that duty demand and penalty are not justified at all since ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... "To Dated: 28-3-1995 The Collector Central Excise Collectorate Meerut. (Attention Deputy Collector (Tech) Sir, Subject: Computerisation of RG 23A Part I - case of M/s Timex Watches Ltd. B-190, Phase II, Noida - regarding - Kindly find enclosed herewith an application, dated 20-10-90 of the party mentioned above. The unit is engaged in the manufacture of quartz watches and i ..... X X X X Extracts X X X X X X X X Extracts X X X X
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