2001 (9) TMI 552

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....nt. Shri R.D. Negi, SDR, for the Respondent. [Order per : V.K. Agrawal, Member (T)]. - This is an application, filed by M/s. Popular Iron & Steel Co. for waiver of pre-deposit of Central Excise duty amounting to Rs. 20,31,219.36 P and penalty of Rs. 20 lakhs. 2. Shri Rajesh Chhibber, learned Advocate, submitted that the Commissioner has confirmed the demand of duty and imposed pen....

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....0 (40) RLT 653, the Tribunal held that the extended period would not be invokable because the Assessee was under a bona fide belief on the basis of Board's circular. 3. Opposing the prayer, Shri R.D. Negi, learned SDR, submitted that the Board's Circulars only mentioned that used and rejected railway material was to be treated as angles, shapes and sections and final product would be exemp....

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....ful suppression of facts for the purpose of evading payment of duty. The learned S.D.R. mentioned that inspite of various request made by the Range Superintendent, the Applicants did not supply the information regarding production, clearance, purchase of raw materials along with duty paying documents. In reply the learned Advocate submitted that if the duty is payable by them on their final produc....