9911796707
TMI Blog2003 (5) TMI 438X X X X Extracts X X X X X X X X Extracts X X X X ..... or, for the Department. [Order]. M/s. Venus Remedies Ltd., Shri Piyush Jain Shri Pawan Choudhary (hereinafter referred to as the applicants) have filed Settlement Applications No. 367, 368 369/2003, dated 17-2-2003 respectively, under section 32E of the Central Excise Act, 1944. 2. The Settlement Application pertains to the Show Cause Notice No. C. No. IV/(16) CE/Prev./21/2000/6073 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... removed the goods on parallel invoices to 4 more parties. The total duty evasion involved in parallel set of invoices is Rs. 44,13,331/-. Directors Shri Piyush Jain Shri Pawan Choudhary were arrested and later granted bail. The High Court while disposing the application of the Directors have ordered that the applicants shall pay a sum of Rs. 5.00 lakhs under protest with the Central Excise Depar ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... licants contend that there is absolutely no hand of the applicant company or its Director in raising such parallel invoices. One Shri Jitender Singh, an employee prepared these invoices as he had strained relationship with the management. The management was not aware of the activity of Shri Jitender Singh, who has left the job. The further submitted that the admitted duty liability is Rs. 42,22,18 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d to an amount of Rs. 44,13,331/-. The applicant has admitted the entire amount of Rs. 42,22,187/- and requested for admission of the case. 10. The ld. Advocate of the applicant requested for grant of some more time for payment of the balance amount of admitted duty liability as the Company is undergoing some financial hardships. The applicant does not have any supporting evidence such as balanc ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
