2007 (10) TMI 502

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.... Thawani, Director, for the Respondent. [Order]. - The revenue filed this appeal against the impugned order passed by the Commissioner (Appeals). The dispute is in respect of Central Excise duty against M/s. Vijay Laxmi Plasto Pack Pvt. Ltd. As M/s. Vijay Laxmi Plasto Pack Pvt. Ltd. defaulted in loan payment the unit was taken over by the Rajasthan Financial Corporation and thereafter, the s....

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....ld in auction on 15-11-1996 to M/s. Shashaank Polymers and again took the possession from M/s. Shashank Polymers and then sold it to M/s. Gyan Jyot Enterprises Pvt. Ltd. (appellants) for Rs. 28.51 lakhs on 22-7-2003 on provisional basis and accordingly, the department has also considered the Rajasthan Financial Corporation as the successor and detailed letter in this regard was also issued to M/s.....