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TMI Blog2022 (7) TMI 975X X X X Extracts X X X X X X X X Extracts X X X X ..... M/s Pankaj Ispat Ltd. and also as per the statement of its Director, Mr. Pankaj Agarwal, revenue segregated the entries relating to this appellant as per private records of Pankaj Ispat, as mentioned in the Annexure A1 A2 to the Show Cause Notice, wherein it appeared that this appellant had purchased rejected moulds from M/s PIL and have also sold Ingots, without accounting for the same in thei ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Appellant Ms. Tamanna Alam, Authorised Representative for the Respondent ORDER ANIL CHOUDHARY: Heard the parties. 2. The issue involved in this appeal is whether on the basis of third party records, the demand of duty and penalty have been rightly made from the appellant. 3. Appellants herein are the manufacturers of MS ingots falling under Chapter 72 of Central Exci ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 9.2012 and 02.10.2012 under Section 14 of the Central Excise Act, 1944. The Scrutiny of documents and further investigation revealed that the suppliers of unaccounted rawmaterial to M/s.PIL and their customers of finished goods included manufacturers /dealers, commission agents etc., were also involved in evasion of payment of Central Excise Duty, while facilitating M/s. PIL to remove the finished ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ejected moulds from PIL. Further stated that the consignment mentioned in their ledger (Books of Jai Baba Casting) submitted by them, where the actual transactions and rest of the entries shown in the chart were not sold by them and they do not know about such consignment. Similar statement was given by the Director, Mr. M.K. Agarwal of the appellant company. 5. It is further evident from the S ..... X X X X Extracts X X X X X X X X Extracts X X X X
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