AI Drafter - (New and Powerful) 
Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter. 
TaxTMI 
TaxTMI 
2007 (8) TMI 117
X X X X Extracts X X X X
X X X X Extracts X X X X
....k imported duty-free against advance licences in contravention of the provisions of the Customs Act, investigation was conducted into the imports made by M/s. Aniam Niryat, Hyderabad. Shri Amit Agarwal, Managing Partner, M/s. Aniam Niryat, gave a confessional statement in which he admitted the import of 23,119.10 kgs. of mulberry raw silk against advance licences and selling the same in Bangalore ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....iled by M/s. Aniam Niryat in respect of imported mulberry raw silk sold in the indigenous market from the importer, M/s. Aniam Niryat and imposed penalties on M/s. Aniam Niryat, M/s Gokul Textiles Corporation and M/s. N.R. Babu & Bros. Penalty was imposed on M/s. Gokul Textiles Corporation under Section 112 (b) of the Customs Act, 1962 on the ground that they had knowingly dealt with imported raw ....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... Madhusudan Jhanwar, partner of M/s. Gokul Textiles Corporation for assistance in disposing the raw silk imported availing exemption under the DEEC Scheme. As per the statement given by Shri Madhusudan Jhanwar, he had rendered assistance to Shri Amit Agarwal, in selling 6000 kgs. of mulberry raw silk imported by M/s. Aniam Niryat. He was aware of the offence involved in the transactions. During in....