2006 (2) TMI 556

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....eena, SDR, for the Respondent. [Order per : P.G. Chacko, Member (J)]. - The lower authorities have demanded duty of Rs. 24,17,655/- from the appellants for the months of April and May, 2001 and have also imposed on them a penalty of Rs. 1 lakh. The appellants were availing the facility of fortnightly payment of duty during the material period. When they committed default, the facility was wi....

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....er a perusal of the judgments cited before us, we find that the judgement reported later had been rendered as early as on 13-12-2001 and the one reported earlier had been rendered on 26-11-2002. The two judgments were passed by the coordinate benches of the High Court. The later decision (Vidushi Wires Pvt. Ltd.) emphasizing penal liability of a manufacturer committing default of payment of duty i....

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....inancial hardships also, which is supported by the following documents :- (i)      Order of BIFR declaring the unit sick under the Sick Industrial Companies (Special Provisions) Act, 1985. (ii)    Audited Statement of Profit and Loss Account for the year ended 31-3-2005 accompanied by the relevant Balance Sheet. It is noticed that, during the period....