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TMI Blog2017 (7) TMI 1215X X X X Extracts X X X X X X X X Extracts X X X X ..... over valuation of the seized goods and also in respect of the entries made in the books of account - Having due regard to the quantum of penalty imposed, it would not be in the interest to refer the matter before the Tribunal for the reason that the learned Standing Counsel has not disputed that the goods were duly reflected in the books of account and in corresponding bills - revision allowed. - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... under Section 13A(6) of the Act or Appeal against the seizure order? The revisionist/dealer is engaged in the businesses of manufacturing and sale of Agricultural Implements, Rubber Belts and Rubber Joints. The revisionist had dispatched 14 Rolls of Rubber Beltings to M/s Rajkot Mill Stores, Kanpur, accompanied by bility/challan dated 3 December 1996. The consignment was intercepted for the re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eturned by the first appellate authority, wherein, the bill number and challan number has been duly noticed, further, it is noted that the entire transaction is reflected from the books of account and the stamping on the challan and bill is permissible, in view of the law as stood in 1996- 97, which did not require printing of the number on the challan by a printing press, which, however, was subs ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . Having due regard to the quantum of penalty imposed, it would not be in the interest to refer the matter before the Tribunal for the reason that the learned Standing Counsel has not disputed that the goods were duly reflected in the books of account and in corresponding bills. The First Appellate Authority has considered the explanation of the dealer and recorded that the goods have been duly ..... X X X X Extracts X X X X X X X X Extracts X X X X
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