2011 (11) TMI 581

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....he conclusion that the respondents herein had undervalued the goods cleared by them during the period February, 1997 to March, 1997 by clearing the finished goods to their trading firms at lower value and which were subsequently cleared by trading firms at a higher value. Show Cause Notice which was issued to the respondent was for the period December, 1996 to March, 1997 and the adjudicating authority confirmed the demand along with interest and imposed penalties holding that the appellant herein had undervalued the goods by clearing the same to their trading firms which were created by them. On an appeal, the first appellate authority set aside the demand prior to February, 1997 on the ground of limitation. As regards demand for the perio....

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....rch, 1997 were admitted by authorized signatory from the computer printout taken by the investigating officers and hence the same are sufficient to confirm the demand for these two periods. He submits very fairly that the Department is not challenging the order of the Commissioner (Appeals) to the extent of attributing the demand prior to February, 1997 on the ground of limitation. 4. Ld. Counsel appearing for the respondents would submit that the Commissioner (Appeals) has recorded very detailed findings regarding setting aside of demand for the period February, 1997 and March, 1997 based upon the evidences which were produced by them before the authorities. It is his submission that one of the major point on which the Revenue author....