Penalty Imposed u/s 11AC for Discrepancy in RG-1 Register; Sufficient RG-23A Balance Not a Defense for Duty Evasion.
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....Penalty u/s 11AC - Shortage of finished product vis-a-vis balance recorded in the RG-1 register – the appellant having sufficient balance in the RG-23A register, cannot be the ground for concluding that there was no intention to evade the payment of duty. - AT....




TaxTMI
TaxTMI