2009 (1) TMI 645

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...., for the Respondent. [Order]. -  This is a case where a duty demand of Rs. 4,09,110/- with interest as applicable and equal amount of penalty on Sabarmati Paper Mills Pvt. Ltd. has been imposed. A penalty of Rs. 4,09,110/- has also been imposed on the Managing Director which is equal to the duty amount is very harsh according to the learned advocate for the appellant. He also submits t....

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.... verification was not properly done and there was no further investigation as regards buyers. But when it was pointed out that there is no retraction and the company has also not filed appeal he admitted fairly that on record there is no retraction and there is a clear admission. However I have to agree on one aspect with the learned Advocate that the penalty equal to the duty on the Managing Dire....