9911796707
TMI Blog2023 (8) TMI 401X X X X Extracts X X X X X X X X Extracts X X X X ..... at the name and addresses of the properties or investments should have been mentioned in the Certificate and it seemed to be a deep rooted conspiracy by the excise duty evaders and the officers concerned and that they are now ganging up to pass on the blame to an innocent Chartered Accountant. Respondent has also denied that he was careless in his duties. We also wonder, if the Solvency Certificate was acceptable when it was filed, certainly it cannot become unacceptable during the course of carrying out investigation. Even as per the statement of Respondent recorded by Complainant, Respondent has categorically stated that he relied on certain documents produced by Shri Dhanraj Sodhi before issuing a Solvency Certificate It is observed t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ving textured yarn duty free from other 100% EOUs located elsewhere in India and was showing the same as physically exported. Detailed probe revealed that M/s. Amreet Impex was using forged documents to show export when in reality no export was taking place. M/s. Amreet Impex was found to have evaded Central Excise and Customs duties to the tune of Rs. 86 lakhs approximately in a short period of two months from November 2001 to December 2001. 3. During the course of inquiry, it was found by Complainant that the proprietor of M/s. Amreet Impex one Sukhminder Sodhi had executed a surety bond of Rs. 60 lakhs which was signed as surety by one Dhanraj Sodhi, who was brother of Sukhminder Sodhi. It was also found that Respondent had issued a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... een mentioned in the Certificate and it seemed to be a deep rooted conspiracy by the excise duty evaders and the officers concerned and that they are now ganging up to pass on the blame to an innocent Chartered Accountant. Respondent has also denied that he was careless in his duties. We also wonder, if the Solvency Certificate was acceptable when it was filed, certainly it cannot become unacceptable during the course of carrying out investigation. Even as per the statement of Respondent recorded by Complainant, Respondent has categorically stated that he relied on certain documents produced by Shri Dhanraj Sodhi before issuing a Solvency Certificate. We would, therefore, observe that Respondent had taken adequate precaution before issuing ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
