2009 (5) TMI 782

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....r : T.K. Jayaraman, Member (T)]. -  In terms of the impugned order, the total demand comes to Rs. 3,45,89,878/-. Penalty of Rs. 5,05,000/- has also been imposed under Section 112A. 2. We heard both sides. The appellant is a PSU and a Govt. of Karnataka PSU engaged in the manufacture and export of granite products. It is seen that for the period from 1986-1994 there was shortfall of 5% ....