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TMI Blog2017 (12) TMI 541X X X X Extracts X X X X X X X X Extracts X X X X ..... been brought out clearly in the impugned order. he was handling the sales of the main party and was closely connected with the business activities to the effect of virtually managing the same. Similarly, the other two appellants, who themselves had a separate unit under their control, Shri Krishna Kumar Gupta and Shri Pramod Agrawal, were the Directors of M/s Ultimate Mercantile Ltd. and it is bro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... RDER Per: B. Ravichandran These three appeals are against the common impugned order dated 11.4.2012 of Commissioner of Central Excise, Raipur. This case is adjudicated by the original authority who confirmed the recovery of ₹ 2,13,55,253/- from M/s Shree Balajee Impex owned by Shri Kailashpati Agrawal. The allegation against the main party is that they have procured the excisa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... AR contested the appeals stating that role of each of the appellant has been brought out by clear corroborative evidences which will show that they have knowingly involved in deliberate acts resulting in loss of Govt. revenue and abetted the act of main party in whose names the exports were supposed to have made to Bangladesh. He specifically referred to evidence recorded by the original authorit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... unt in his capacity as the Director and also opened a joint account with shri Pramod in the same bank. These two bank accounts were extensively used to transfer the sale proceeds and the illegal gains that accrued by diversion of goods which were originally procured without payment of duty and intended for export, but diverted to domestic market on a profit. 6. On careful consideration of the e ..... X X X X Extracts X X X X X X X X Extracts X X X X
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