1994 (12) TMI 162

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....sultant submitted that duty has been demanded on the ground that the petitioner has manufactured excisable product, namely shampoo in the brand name `Cute' not only in the petitioner's factory but also through some other factories fictitiously created for wrongly availing the benefit of small scale exemption notification and assailed the correctness of the findings in the order. The learned Consultant also pleaded acute financial hardship and said that even on an earlier occasion when the petition for restoration was taken up, a detailed affidavit was filed in this regard and adopted the same pleas for this petition also and further submitted that the financial position is only becoming worse day by day. 3. Shri Jeyaseelan, learned DR co....

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....e directed to make the pre-deposit in terms of the impugned order on or before 31-8-1993 and report compliance. 31-8-1993 was declared a holiday due to Milad-ul-Nabi. The petitioners filed applications for restoration of the stay petitions on 14-7-1993 stating that the notice of hearing of the stay petition posted to 23-6-1993 was not received by the petitioners and the stay petitions were restored to file on 30-8-1993 and posted to 24-10-1993. Since 24-10-1993 was Sunday the petitioners contacted the Registry on 25-10-1993 and were informed by the Registry that their files had been misplaced and they would be informed about the next date of hearing. The petitions were posted to 3-1-1994, but no notice of hearing was received by the petitio....

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.... Balance of loan outstanding as on 31-3-1993 Ind - Chems 2,24,606.60 7,42,721.20 2,26,296.02 12,13,629.82       12,13,629.82 5,14,699.37 3,15,829.54 20,44,158.73 Crystal Corporation as guarantor Rs. 5,14,699.37   Steller Industries as guarantor       1,75,672.75 1,40,156.79 3,15,829.54   Market value of the land and building at present would be around Rs. 12,00,000/-. The house in which I am residing now belongs to my father Mr. P.C. Singarachari which was bought and built by him out of his own earning during 1963. I do not pay any rent." "As on date either myself or my wife Mrs. Chandra Ranganathan or my two sons do not have ....