K. Sankararaman, Member (T), J.

1. M/s. Ipitron Times Limited have filed this Appeal aggrieved with the Order-in-Appeal dated 15-10-1990 passed by the Collector of Central Excise (Appeals), Calcutta partially upholding the Order-in-Original dated 28-3-1989 passed by the Assistant Collector of Central Excise, Cuttack. The relief given to them by the Collector (Appeals) was by holding that the demand for duty for the period November, 19881 to February, 1988 was barred by limitation. The demand for the subsequent period upto August, 1988 was, however, held to be in time and the Assistant Collector's order confirming the demand to that extent was upheld. The penalty of Rs. 2,000/- imposed by the Assistant Collector was reduced to Rs. 1,000/-.

2. The appellants were represented by Shri G.K. Mundhra, learned Chartered Accountant. He referred to the contentions raised in their Appeal Memorandum and submitted that they are engaged in the manufacture of both Black and White and Colour Television sets which fall under the same Tariff Heading. They had given both the Models in a common declaration and they used the credit on account of such inputs of both types for payment of duty of both