Central Excise Appeal No. 18 of 2011 -1- **** IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH Central Excise Appeal No. 18 of 2011 Date of decision: 1.3.2011 Commissioner of Central Excise, Chandigarh-I ...Appellant Versus M/s Regent Steel Industries ...Respondent CORAM: HON'BLE MR.JUSTICE ADARSH KUMAR GOEL HON'BLE MR.JUSTICE AJAY KUMAR MITTAL Present: Mr. Kamal Sehgal, Senior Standing Counsel for the appellant. **** ADARSH KUMAR GOEL, J. 1. This appeal has been preferred by the revenue under Section 35G of the Central Excise Act, 1944 against order dated 14.7.2010 passed by the Customs, Excise & Service Tax Appellate Tribunal, New Delhi claiming following substantial questions of law:- “i) Whether reducing of penalties to 10% on fraudulent availment of Cenvat Credit on the registered dealers and manufacturer of Iron and Steel washer is deterrent enough to stop future frauds to the Government exchequer? ii) Whether for any fraudulent dealing between purchaser and registered dealers, the exchequer can be Central Excise Appeal No. 18 of 2011 -2- **** made to bear the loss of revenue?” 2. Learned counsel for the revenue fairly states that the matter is covered against the revenue by earlier judgment of this Court in CEA No.125 of 2010 Commissioner of Central Excise, Chandigarh-I Vs. M/s Lalit Steel and Agro Industries. 3. Accordingly, the appeal is dismissed. (Adarsh Kumar Goel) Judge March 01, 2011 (Ajay Kumar Mittal) Pka Judge