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Launching of prosecution for fradulent /deliberate evasion of excise duty

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....or the year ended 31.3.92 (No. 4 of 1993) regarding fraudulent availment of Modvat Credit by M/s. Sipani automobiles Limited, Bangalore-Regarding. I am directed to refer to Board's Circular No. 178/12/96-CX dated 28.2.1996. Based on the recommendation of the PAC, directions were issued vide aforesaid circular of the Board for taking immediate action for launching prosecution under Central Excis....

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