2001 (8) TMI 434

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....B.B. Sarkar, JDR, for the Respondent. [Order per : Gowri Shankar, Member (T)].  Steel Authority of India Limited, the appellant before us, imported a consignment of monoblock stoppers in February, 1993. It claimed and was granted in respect of this consignment the benefit of the exemption contained in Notification 203/92. Notice dated 3-9-1997 was issued to it proposing to recover the d....

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....me. He therefore confirmed the proposal in the notice and imposed penalty. 2. The principal contention of the Counsel for the appellant is that the extended period of limitation invoked in the notice is not available. The notice cites the following as the basis for invoking the extended period contained in the proviso under sub-section (1) of the Section 28 of the Act : "However, the sa....

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.... of prime mild steel hot rolled plates. This photocopy does not contain any statement relating to availing or not availing of Modvat credit. The copies of the AR4 forms SP-58-V-58, SP-59-V-9, SP-60-V-60, SP-61-V-61, the first two dated 26-7-1992, the third 29-7-1992 and the fourth dated 2-8-1992, also do not contain anything relating to Modvat credit. The contention in the notice a false declarati....