2015 (10) TMI 1250

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Shri Manish Saharan, Advocate For the Respondent : Shri G R Singh, AR ORDER Per Ashok Jindal :     M/s. J.S. Forge Ltd. and Mr. Soumitra Das, director of M/s. J.S. Forge Ltd. have filed appeals No. E/52046/2014 and E/52051/2014 respectively.  Both these appeals have been filed against Order-in-Appeal No.09-10 and 11/RPR-II/2014 dated 28.01.2014 which up held t....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....commission agent engaged by the appellants for facilitating sale and purchase transactions of Iron & Steel.  The incriminating documents like diaries, files, ledger etc. recovered during search from their premises inter alia showed that appellants No. 1 had cleared 154.900 MT of MS Ingots/Sponge Iron, valued at Rs. 26,30,256/- during the period 2006-07 which were not found have been accounted....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ubmissions. I find that there is no evidences at all which have been recovered from the appellants regarding any alleged clandestine removal.There is also no confessional statement from the appellants in this regard.The entire impugned demand has been confirmed and penalties imposed merely on the basis of incriminated documents recovered from M/s. Monu Steel. In the case of Rutvi Steel & Alloys Vs....