2009 (5) TMI 782

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....ocate, for the Respondent. [Order per : 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 perio....

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....ported materials are not used, duty ought to have been demanded. That is not the case here. The appellants in the present case, could not use some of the consumables imported/procured. It is seen that according to the appellants the entire liability could be only Rs. 4,53,000/- Revenue has already encashed BG for Rs. 16.5 lakhs. In such circumstances, we are of the view that the amount already enc....