1997 (3) TMI 279

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..... Singh, JDR, for the Respondent. [Order per : Gowri Shankar, Member (T)]. - Duty of Rs. 1.43 lacs (approximately) and penalty of Rs. 1.50 lacs imposed on the concern and Rs. 50,000/- imposed on its proprietor are required to be deposited. There is also a redemption fine for plant and machinery ordered to be confiscated of Rs. 1.00 lac. 2. Duty has been demanded on the ground that the app....

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....able value. 4. The second count was that the Commissioner found that furniture of value of Rs. 7.40 lacs which was sold by it had not been included. Advocate for the applicant contends that this furniture were purchased by it from another trader. He says that at the time of visit by the officers on 5-2-1993, when its accounts were seized, the bill for the goods had not been received, and the....

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....ctually been manufactured at the applicant's factory and were transported from that to the Club. He says that when the account books were seized on 5-2-1992 no delivery challans for the supply of furniture stated to have been received from another manufacturer was found and there is no plausible explanation for the delay in submitting the bill for the same. He says that the factory premises is loc....