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Represented by : Shri S.K. Mall, AR CORAM :

Mr. M.V. Ravindran, Hon'ble Member (Judicial) Mr. H.K. Thakur, Honble Member (Technical) Date of Hearing : 21.08.2013 Date of Decision : 10.10.2013 ORDER No. ______________ /WZB/AHD/2013 Dated _________ Per : Mr. H.K. Thakur;
These appeals have been filed by the appellants against OIO No. 16/MP/Vapi/2012 dated 23.08.2012 passed by the Commissioner of Central Excise & Service Tax, Vapi. Main appellant M/s. Chandan Steel Limited has filed appeal against confirmation of demand of Rs. 1,20,49,724/- as inadmissible credit along with interest and demand of Rs. 12,43,861/- for clandestine removal of goods. The main appellant has also been visited with penalties of Rs. 1,20,49,724/- under Rule 15 of the Cenvat Credit Rules, 2004 and a penalty of Rs. 12,43,861/- under Section 11AC of the Central Excise Act, 1944. Penalties of Rs. 10 Lakh and Rs. 2 Lakh under Rule 26 of the Central Excise Rules, 2002 and Rule 15 of the Cenvat Credit Rules, 2004 have been imposed upon Shri Dilipbhai C. Jain, Vice President of the main appellant. Penalties of Rs. 5 Lakh, Rs. One lakh and Rs. 50,000/- have been imposed respectively upon Shri Kamlesh Manohar Kanoongo, Director of M/s. Sikkim Ferro Alloys Limited, Shri Praveen C. Jain Director of main appellant and Shri Omprakash Sharma, Proprietor of M/s. Carrier Corporation of India, Delhi, under Rule 26 of the Central Excise Rules, 2002.