2002 (2) TMI 679

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....SENTED BY : Shri Jagmohan Bansal, Advocate, for the Applicant. S/Shri M.S. Walia, Supdtt. and Yash Pal, Inspector, for the Department. [Order]. - By this order, we are finally disposing of the application for settlement filed by M/s. Malwa Industries Limited, Ludhiana on 7th July, 2001. The applicant is manufacturer of 100% cotton yarn and 100% Processed Cotton Fabric (Denim Fabric) falli....

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....med the demand of duty mentioned in the SCN and also imposed redemption fine of Rs. 1,00,000/- in respect of the seized cotton yarn and 100% penalty under Section 11AC. The case is pending in appeal before the Commissioner (Appeal). The Applicant has, therefore, approached this Commission for settlement of his case by accepting the full duty liability as payable. 2. The Applicants were ini....

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.... the Applicant had satisfied the requirement of Section 32E and therefore the Bench admitted the Application and allowed to be proceeded with under Section 32F(1) of the Central Excise Act. The Applicant was directed to deposit the balance duty amount of Rs. 66,855/- within 30 days from the receipt of the order and the Commissioner was directed to adjust the amount already deposited as admitted du....

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....excise duty and also about the excess and shortage of certain goods, fine and penalty should be imposed on the Applicant. 5. We have examined the written submissions made as well oral arguments submitted by both the sides. We find that the Applicant has approached the Commission with a clean hand having admitted the allegations in the SCN and having deposited his entire duty liability. The....