9911796707
TMI Blog2013 (8) TMI 25X X X X Extracts X X X X X X X X Extracts X X X X ..... ate that the Revenue authorities have reconciled the entire figures and worked out the demand based upon the diary recovered from the Shri Jaswantbhai O. Santoki, who is a brother of partner of M/s PMC - Suppliers of raw material and purchasers of finished goods of the main appellant M/s PMC had categorically stated that there was supply and purchases of the goods in cash and unaccounted, - The ma ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ty liability confirmed against the main appellant M/s Patel Manufacturing Co. (hereinafter referred to as M/s PMC), interest thereof and equivalent amount of penalty on M/s PMC, the penalties under Rule 26 of Central Excise Rules, 2002 on all the appellants. 3. The ld. Counsel appearing on behalf of the all the appellants would submit that the demand of duty has been raised on the appellant and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tracted the said statements. It is also her submission that the suppliers as well as the purchasers of the said M/s PMC have retracted their statements. It is her submission that during the course of investigation, the main appellant has deposited an amount of Rs.50 lakhs, which may be considered as enough deposit to hear and dispose the appeals. 4. Ld. Departmental Representative, on the other ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... M/s PMC, proprietor of M/s Patel Electric Co., suppliers of raw material, transporters and purchasers. The adjudicating authority has also gone on record to state that the Revenue authorities have reconciled the entire figures and worked out the demand based upon the diary recovered from the Shri Jaswantbhai O. Santoki, who is a brother of partner of M/s PMC. At the stage, we are of the view that ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ly) within a period of sixteen weeks from today and report compliance on 26.11.2013 before Deputy Registrar. Deputy Registrar, on ascertaining such compliance, will place the file before the Bench on 02.12.2013 for passing an appropriate order. 8. Subject to such compliance being reported, the applications for waiver of pre-deposit of balance amounts involved are allowed and recovery thereof sta ..... X X X X Extracts X X X X X X X X Extracts X X X X
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