2009 (4) TMI 601

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....nsignment on 27-3-98 and a show cause notice confined to seizure of consignment was issued on 29-9-98. The samples drawn from the applicant's premises were sent for test and CRCL vide their report dated 3-11-99 opined that sample is a cut piece of green colour three ply cord made of polyethylene plastic and it was also informed that specific gravity of the polymer could not be determined. Subsequently, the Department wanted to know the specific gravity and sought the suggestion of CRCL as to which laboratory could be contacted for ascertaining the specific gravity. In subsequent report dated 14-3-2000, the CRCL has furnished the first specific gravity of the sample as 0.917 of polyethylene plastic and that sample is of 339.5 decitex. 3.&em....

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....S.K. Arora, Director of the appellant company which is as follows: "I, S.K. Arora, Director of M/s. Well Rope International Ltd. S-505, Greater Kailash-II, New Delhi, do hereby solemnly affirm and declare as under: 1. That the said firm M/s. Well Rope International Ltd. is unoperative lying closed since 2003. 2. That assets of the Co. that is Factory Land, Machinery etc. were sold by D.R.T. Chandigarh on 30th December 2005 in Recovery Case No. 305/04 of Oriental Bank of Commerce v. Well Rope International Ltd. Some finished goods are lying at rented premises at Kala-Amb(H.P.) which can't be sold due to stay order by Special Judge C.B.I. Ambala in case No. 2/2005 so can not be encashed this stock due to stay order. 3. That I being the Se....