2013 (12) TMI 352

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..... d with M/s. Rajat Pharmachem Ltd. to DEPB Scrip fraudulently. The duty liability is admitted by M/s. Rajat Pharmachem Ltd. before the settlement Commissioner and the same has been paid. In the absence of finding that applicant connived with M/s. Rajat Pharmachem Ltd, in obtaining the advance licence. Prima facie the applicant has a strong case, therefore the pre-deposit of interest and penalty is .....

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..... ect of demand of duty is settled by the Settlement Commission against M/s. Rajat Pharma Ltd. admitted the duty liability and the duty has been paid by them. The applicants were held to be liable for penalty and interest on the amount of duty, there is no finding in the impugned order that applicant connived with M/s. Rajat Pharmachem Ltd, anywhere to obtain the DEPB Scrip. Hence, the imposition of .....

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