2004 (12) TMI 521

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.... hearing in the case of M/s. Air Carrying Corporation (I) Pvt. Ltd. (hereinafter referred to as the 'applicant') and S/Shri Manoj Arya, Surendra Arya, Gopal Prasad Ambastha, Harishchandra Tiwari, Rajesh Manikchand Dunkwal, Dinesh Kumar Singh, Sanjay Mittal, Alpesh N. Gosalia, Ramprasad Shobnath Singh, Ghanshyam Pandey, Girish Chimanlal Sangani, M/s. A. Navindchandra Steel Ltd., and Shri G. Chimanlal & Co (hereinafter referred to as the 'co-applicants') was held on 13-12-2004 when Shri V. Sridharan, Advocate argued the case on behalf of the applicant. S/Shri Gajendra Jain, Sujay Kantawala, Advocates, S/Shri Manoj Arya, Surendra Arya, Gopal Prasad Ambastha, Harishchandra Tiwari, Sanjay Mittal, Alpesh N. Gosalia , Ramprasad Shobnath Singh, Gha....

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....4. 5. The applicant filed application in form S.C. (E)-1 an application under Section 32E of the Central Excise Act, 1944 before the Settlement Commission, Addl. Bench, Mumbai on 8-7-2004, inter alia admitting and accepting entire duty liability of Rs. 11,06,430/- demanded in the original show cause notice dated 1-6-2004. 6. The ld. Advocate submitted at the time of admission hearing that the applicant has accepted as payable the entire duty demanded in the show cause notice issued originally. The ld. Advocate submitted that the applicant is not any part of the duty jacked up by the corrigendum as it is based on conjecture only and facts based on which corrigendum is issued, were available to Revenue even when they issued the or....