2012 (12) TMI 224

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..... the Appellant. Shri Sanjay Jain, AR, for the Respondent. [Order per : Rakesh Kumar, Member (T) (Oral)]. - The appellant are manufacturers of insulated wires chargeable to central excise duty. On 7-1-2009, their manufacturing unit situated at 36/20, Julfe Bengal, G.T. Road, Shahdara, Delhi was visited by the jurisdictional Central Excise Officers. At the time of visit, it was found that statuto .....

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..... r after issue of show cause notice, issued order dated 26-8-2010 ordering confiscation of the seized goods valued at Rs. 19,19,633/- with option to be redeemed on payment of redemption fine of Rs. 2,25,000/- plus duty leviable and besides this, while imposed penalty of Rs. 2,05,137/- on the appellant company, penalty of Rs. 20,000/- each was imposed on Shri Amit Gupta and Shri Harish Chand Goyal, .....

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..... sides, these matters were heard by the bench for final disposal, after waiving the requirement of pre-deposit. 4. The ld. Counsel for the appellant pleaded that in this case after conclusion of investigation, a show cause notice alleging duty evasion had been issued against the main appellant, M/s. Micro Super Cables (P) Ltd. against which the appellant have gone to the Settlement Commission .....

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..... ion register, raw material register, invoice books, etc. were not there in the factory and the same were located subsequently at the Head Office and that it was found that the goods found in the factory, which represented several days' production, had not been entered in the RG-I register. In the background of the fact that an allegation of duty evasion had been made against the appellant's compan .....

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..... ve discharged the duty liability as determined by the Settlement Commission, the redemption fine is reduced to Rs. 1,50,000/- and penalty on the appellant company and its Directors is reduced as under :- (i) M/s. Micro Super Cables (P) Ltd. Unit-II Rs. 1,25,000/- (ii) Shri Harish Chand Goyal, Director Rs. 10,000/- (iii) Shri Amit Gupta, Director Rs. 10,000/- 7. The appeals and stay .....

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