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TMI Blog2012 (7) TMI 386X X X X Extracts X X X X X X X X Extracts X X X X ..... amended and accordingly they were availing the benefit of the Notification and their clearances were never more than S.S.I. exemption limit even after including the clearances made to M/s.Lagan Jute Manufacturing Company, who in-turn was using the said goods in the manufacture of machines which were required for jute manufacturing - intended use was only for manufacturing in jute mills – Held that ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in case of Applicant No.2 (Authorized signatory of Applicant No.1), Penalty amount of Rs.15,000/-(Rupees Fifteen Thousand only) in case of Applicant No.3 and Penalty amount of Rs.15,000/-(Rupees Fifteen Thousand only) in case of Applicant No.4, both partners of applicant No.1. 2. The contention of the applicant is that they are engaged in the manufacture of jute machinery Baxter Flyer and Wharve ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e provisions of section 35F. However, the Ld.Consultant for applicant No.1 has made a fair offer of making a pre-deposit of Rs.2,00,000/-(Rupees Two Lakhs only). In these circumstances, we direct the applicant No.1 M/s.Sandeep Industries to make a deposit of Rs.2,00,000/-(Rupees Two Lakhs only) within 8(eight) weeks and report compliance on 21.08.2012. 4. After hearing both sides we find that th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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