9911796707
TMI Blog2018 (5) TMI 96X X X X Extracts X X X X X X X X Extracts X X X X ..... held that Demand cannot be raised merely based on statement retracted later without any corroborative material - demand withheld - appeal dismissed - decided against Revenue. - E/10025/2015 - A/10175/2018 - Dated:- 12-1-2018 - Shri M V Ravindran, Hon'ble Member (Judicial) For Applicant(s): Shri A Mishra, Authorised Representative For Respondent(s): Shri Rahul Gajera, Advocate ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the respondent without payment of duty and there was purchasers of raw material without being recorded in the books of the respondents. All these aspects has not been considered by the First Appellate Authority; it is his submission that the statements of the buyers was not retracted immediately, but was retracted subsequently when the reply to the show cause notice was filed and the suppliers of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of raw material without bill nor found any unaccounted such raw material. The department had neither produced any documents in respect of sales of finished goods without bill nor found any excess quantity of finished goods No discrepancy in records/accounts in respect of raw material/finished goods has been noticed by the Department. There is no seizure of raw materials/finished goods received/cl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ikul V. Patel, Partner of Krishna Steel Industries, Bhavngar and Shri Dinesh S. Bhalodia, Authorised Person of M/s. Shreeji Steel Industries, Bhavnagar both dt. 11.08 2009. During the cross examination both the above person have already stated that they have denied of having supplied iron bars without bills to the appellant No.1 But statements of aforesaid suppliers have neither been discussed in ..... X X X X Extracts X X X X X X X X Extracts X X X X
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