TaxTMI 
TaxTMI 
2003 (6) TMI 414
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.... Jain, Commercial Manager, for the Appellant. Shri Deepankar Aron, Deputy Commissioner, for the Department. [Order]. - M/s. Lily Chemicals Ltd. (hereinforth referred to as applicant) has filed the Settlement Application No. 371/2002, dated 10-9-2002. The brief facts of the case are as follows: - The applicant is a manufacturer of cotton coated fabrics falling under Chapter 59 of ....
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....y. 3. The applicant approached this Commission to settle the matter for once and for all and it is prayed that the admitted duty liability of Rs. 3,65,906/- may be allowed to be paid in instalments spread over 6 months. The applicant has requested for waiver of interest and penalty. 4. The Superintendent in his report dated 23-10-2002, submitted to the Commission under Sectio....
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....gain heard on 29-4-2003. Another opportunity was given to the applicant to pay the balance admitted duty liability of Rs. 1,95,906/- on or before 15-5-2003 along with interest @ 18%. The applicant has not complied with the said order of the Settlement Commission. 9. The case was fixed for hearing on 16-6-2003. 10. The applicant has submitted that due to some unavoidable finan....
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....evenue. The Commission finds that the applicant has not cooperated with the Settlement Commission inspite of the opportunities given to them. The applicant has failed to make the deposit of the admitted duty liability. On this juncture, the correctness or otherwise and other submissions as per law is not considered by the Settlement Commission. 12. The Settlement Commission has been formed....