2012 (10) TMI 910

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....S.S. Kang   Heard both sides. 2. The applicant filed this application for waiver of pre-deposit of duty of Rs.1,63,17,206/-, interest and penalty. 3. The applicants are engaged in the manufacture of M.S Flats and M.S. Bars of various sizes and are availing value based S.S.I exemption under Notification No. 8/2003 dated 01.03.2003. On 26.12.2008, the officers of the Revenue visited fa....

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....d of Rs.23,839/- is also confirmed on the shortage of finished goods during the verification. 4. The contention of the appellant is that the applicant has manufactured M.S Flats and M.S. Bars during the trial round of two hours, flats of size of 20/3 mm were produced which requires maximum consumption of power. 5. The main contention of the applicant is that during the period when the applic....

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.... applicant also raised other issues such as the electric consumption in the factory of production in respect of other ancillary machines. 6. The Revenue submitted that as trial run was conducted for two hours in the presence of panchas and the applicant has admitted correctness of the trail as per the panchanama and as per the statement of one of the Directors, therefore now the applicant canno....