2013 (10) TMI 664

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....pellant are manufacturers of cast iron sleepers, cast iron pipes and cast iron fan body from Pig iron. In course of visit of the Central Excise Officers to the appellant's factory n 01.10.99, the stock of Cenvat Credit availed Pig Iron, which is the main raw-material, was checked in presence of Sh. B.K. Gupta, Excise Clerk and Sh. Mahesh Chauhan, Chowkidar. According to the Department the verifica....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....mpany and also penalty of Rs. 10,000/- on Sh. Binod Kumar Jaiswal, Director of the appellant company. On appeal being filed before the Commissioner (Appeals) the above order of the Deputy Commissioner was upheld vide order-in-appeal dt. 31.01.13 against which is appeal has been filed by the appellant along with stay application. 2. Heard both the sides in respect of stay application. 3. Sh. R.S.....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....y reiterating the findings of the Commissioner (Appeals) and emphasized that the quantity of the Pig Iron had been determined in presence of the appellants Excise Clerk Sh. Bal Kishan Gupta and he could not explain the shortages found by the officers, that Sh. Binod Kumar Jaiswal, Managing Director of the appellant company has not given any evidence in support of his plea that there is no shortag....