2000 (11) TMI 379

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....the Appellant. Shri R.K. Roy, JDR, for the Respondent. [Order per : Archana Wadhwa, Member (J)]. - The appellants were directed to deposit an amount of Rs. 15 lac within period of six weeks vide Order No. S-1146 & 1147/Cal/2000, dated 6-9-2000 out of the total duty amount of Rs. 32.51 lac and an equivalent amount of penalty. When the matter came up for ascertaining compliance today Shri A....

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.... appellant on the merits of the case. It was observed that the case is arguable from both sides and the detailed evidences produced by the Revenue in the alleged clandestine manufacture and removal can be appreciated at the time of final hearing of the case. It was observed by us that the weight of the evidences titled in favour of the Revenue and the appellants have not been able to make out a go....

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....quent year has been produced. The said balance sheets are not certified by the Chartered Accountant. Perusal of the balance sheets shows the closing stock to the tune of about Rs. 14 lac at the end of the year 1998-99 and sundry debtors about Rs. 3.30 lac. The overall picture even as reflected in the balance sheets may not be very rosy but in any case, does not reflect the poor financial position ....