2013 (12) TMI 1344

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.... the Respondent: SHRI S.MISRA, A.R. (ADDL. COMMR.) ORDER Per Dr. D. M. Misra This is an Application seeking waiver of predeposit of duty of Rs.3.55 crore and equal amount of penalty. 2. Narrating the facts in brief, the ld. Advocate has submitted that the Applicant are engaged in the manufacture of iron and steel products and during the course of manufacture of the said goods, 'molten ....

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....ated in the factory of the Applicant had been sold to M/s. ACC, DCSL, a company situated within the same factory premises, for conversion of molten slag, into granulated slag. The balance quantity, had been converted by the Applicant into granulated slag on which duty had been discharged and shown in the relevant ER-1 Returns. The ld. Advocate submitted that there is no dispute that M/s. ACC, DCSL....

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....d that after the year 2000, on dispensation of statutory record, the private records maintained by an assessee, have been accepted as authentic records for all purposes. Hence, the said Statistical Report has been rightly chosen as the basis for demand. However, he has fairly conceded that there is no other evidence of removal of the granulated slag by the Applicant. 5. Heard both sides and per....