2007 (11) TMI 545

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..... for the Respondent. [Order per : T.V. Sairam, Member (T) (for the Bench)]. Appeal No. 623 - After hearing both sides, it has come to our notice that Shri Rakesh Gupta, who is appellant in this case has verified himself on 8-9-07, that he is a deemed proprietor of M/s. Systech Equipment Pvt. Ltd., resident of C-176, Vivek Vihar, New Delhi declaring that the statements made in the appeals .....

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..... y M/s. Turnkey Software and Shri Rakesh Gupta. 2. After hearing both the sides, we notice that the goods worth Rs. 2,32,96,000/- are admittedly in the custody of Revenue authorities whereas the total amount of duty, fine, penalties etc. imposed on these two appellants work out to be Rs. 1,38,02,931/-. It was, therefore, contended by the learned Counsel of the appellants that the value of the goo .....

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