2013 (11) TMI 624

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..... f and the figure shown in the balance sheet were false and there are findings by the officers who visited the factory which, according to the appellant, are not correct - the issues involved are very complicated and require detailed consideration of various documents for arriving at any conclusion as to whether the appellant is liable to pay duty or not - in the case of capital goods at least, pri .....

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..... l products valued at more than Rs.2 crores which were written off were also not found by the officers in the factory. The defence of the appellant is that, who continued to avail the benefit of working capital limits and loans etc., they had inflated the stocks and subsequently after taking help from group companies to repay the loans, the original false and enhanced accounts of stock shown were r .....

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..... acceptable. However, the issues involved are very complicated and require detailed consideration of various documents for arriving at any conclusion as to whether the appellant is liable to pay duty or not. However, in the case of capital goods at least, prima facie, the legal provisions appear to support their contentions. Under these circumstances, the learned counsel was asked to make an offer .....

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