2013 (11) TMI 951

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....per rods and bars, copper strips/flats, copper tubes and pipes etc. The officers of Central Excise visited the unit of main appellant and found an excess of 3505 kgs of copper rods and 5985 kgs of copper bars during stock verification. In a statement, dt.16.11.2006, Shri Prakash M. Sheth stated that he does not have any idea about the discrepancy found in the stock and would give the required explanation within a weeks time. A statement of Shri Rikab V. Mehta, Partner of the main appellant was recorded wherein he agreed that they are not maintaining separate entries in RG-1 register for copper bars and rods but he did not agree with the seizure of excess of 3505 kgs of goods seized under panchnama stating that the seized goods are in coil ....

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.... only Rs.1,76,086/- which already stands paid by the appellants. It was also his case that 25% option of reduced penalty payable under Section 11AC was not extended to them, which may be extended to them. 3.1 So far as appeal of Shri Prakash M. Sheth, Authorised Signatory of the main appellant is concerned, it was argued that since the duty amount get reduced from Rs.3,83,863/- to Rs.1,76,086/-, in the present proceedings, therefore, penalty of Rs.20,000/- imposed upon the second appellant also needs reduction. 4. Shri P.N. Sarvaiya, (A.R.) appearing on behalf of the Revenue confirmed that the Order No.A/1019-1021/WZB/AHD/2010, dt.23.07.2010 was with respect of excess of 3505 kgs of goods seized in the present proceedings and that no ....