2009 (7) TMI 1010

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....edit amounting to Rs. 1,78,076/-. In respect of some of the consignments, they have not filed declarations and in respect of some consignments, they have filed declarations but allegedly beyond the normal period of three months. On this ground the credit stands denied by the original authority which order has been upheld. A penalty of Rs. 5,000/- also stands upheld against the appellant. 4. Learned Company Secretary submits that the capital goods were received which were lying in the factory for some period awaiting installation. Since the capital goods were received shortly after introduction of credit on capital goods, the appellants were not knowing the procedure. However, they filed intimation before taking the credit though not with....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... 17-10-96 5. Parts of wire drawing machines 8479.90 11-7-96 17-10-96 Declaration filed after three months of the receipt of the goods 6. Electric weighing scale 8423.00 5-8-96 7-10-96 7. Wire but welding machines 8515.00 5-8-96 7-10-96 8. Gear Box 8483.00 12-5-96 - Not declared 9. Hydraulic Pallet Truck 84.26 2-9-96/ 4-8-96 - Not declared 10. Natural Diamond dies 8479.10 24-7-96 - Not declared 7.1 It is clearly noted that no declaration has been filed in respect of goods in Sl. Nos. 8, 9 and 10. This has not been disputed by the learned Company Secretary. Under these circumstances, the question of allowing credit in respe....