2013 (10) TMI 1056

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....d 16.10.204 was not used for manufacture of soap. The duty foregone was called for restoration to the exchequer with the result of levy of customs duty of Rs. 1,83,26,845/- with consequence of interest as well as penalty of equal amount of duty. The appellant, Shri Surinder Kumar, partner also faced penalty of Rs. 50 lakhs. 3. With the assistance of Revenue the matter has been taken up for disposal. Learned Jt. CDR submits that both the appellants caused loss of revenue abusing notification. Therefore, they were bound to suffer the consequences of adjudication. 4. Heard Revenue and also looked into the reason. Why adjudication proceedings were initiated. Revenue made allegation against both the appellants that investigation into the b....

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....n/NOC from DIC Sangrur and PCB, Sangrur. (ii) The noticee prepared bogus records to show production and sale of washing soap without preparing Cash Book/Ledgre in respect of the business of firm for the period 2004-05. (iii) The noticee No. 1 violated condition of Bond No. 12/2004 dated 25.02.2004, No. 42/2004 dated 05.07.2004, No. 37/2004 dated 18.05.2004 and No. 40/2004 dated 29.06.2004, executed by the Noticee No. 1 under Rule 4(3) of the Customs (Import of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) Rules, 1996 before the Asstt. Commissioner of Central Excise Division Sangrur. (iv) The imported CPO was not used for the intended purpose in contravention of the provision of Notification No. 21/2002-Cus ....