2003 (5) TMI 438

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....i K.K. Anand, Advocate, for the Appellant. Shri S.S. Negi, Inspector, for the Department. [Order]. -  M/s. Venus Remedies Ltd., Shri Piyush Jain & Shri Pawan Choudhary (hereinafter referred to as the applicants) have filed Settlement Applications No. 367, 368 & 369/2003, dated 17-2-2003 respectively, under section 32E of the Central Excise Act, 1944. 2. The Settlement Applica....

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....s, Delhi (c)    M/s. Panacea Biotech Ltd., New Delhi 4. Apart from the above-mentioned parties the applicant has removed the goods on parallel invoices to 4 more parties. The total duty evasion involved in parallel set of invoices is Rs. 44,13,331/-. Directors Shri Piyush Jain & Shri Pawan Choudhary were arrested and later granted bail. The High Court while disposing the ....

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.... applicants are engaged in the manufacture of pharmaceutical products. The applicant has removed the goods on parallel invoices. The total duty evasion involved in parallel set of invoices is Rs. 44,13,331/-. The applicants contend that there is absolutely no hand of the applicant company or its Director in raising such parallel invoices. One Shri Jitender Singh, an employee prepared these invoice....

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....nd hence the case may not be admitted. 9. The advocate for the applicant submitted that the applicant is admitting the whole duty liability except the amount of Rs. 1,91,144/- which has already been paid. The SCN referred to an amount of Rs. 44,13,331/-. The applicant has admitted the entire amount of Rs. 42,22,187/- and requested for admission of the case. 10. The ld. Advocate of ....