1. The petitioners have filed this writ petition calling in question the legality as well as the sustainability of the show cause notice dated 30-6-2014 issued by the Commissioner, Central Excise, to the petitioner as to why the central excise duty to the extent of Rs. 21,97,10,427/- should not be recovered from the petitioner under the proviso to Section 11A / sub-section (4) of Section 11A of the Central Excise Act, 1944 (for short, 'the Act of 1944') by invoking the extended period of five years and as to why the amount already deposited of Rs.51,05,157/- be not appropriated against the said demand, and also for showing cause for recovering interest under Section 11AB/11AA of the Act of 1944 and as to why penalty under Section 11AC/sub-section 1(a) of Section 11AC of the Act of 1944 be not imposed upon the petitioners.

2. Petitioner No.1 is a Company engaged in manufacture of excisable goods such as MS Ingots and various Rolled Products like Angles, Channels, CDT Bars, MS TMT Bars and is said to have been regularly paying central excise duty in accordance with the Act of 1944 and the Central Excise Rules in respect of the aforesaid business. Petitioner No.2 is said to be t