2017 (12) TMI 541

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.... Minocha, Advocate - for the appellant Shri R.N. Sharma, Advocate, Shri Ranjan Khanna, D.R. - for the respondent ORDER Per: B. Ravichandran These three appeals are against the common impugned order dated 11.4.2012 of Commissioner of Central Excise, Raipur. This case is adjudicated by the original authority who confirmed the recovery of Rs. 2,13,55,253/- from M/s Shree Balajee Impex own....

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...., he pleaded that the penalties imposed on the appellants under Rule 26 may be set aside. 3. The ld. AR contested the appeals stating that role of each of the appellant has been brought out by clear corroborative evidences which will show that they have knowingly involved in deliberate acts resulting in loss of Govt. revenue and abetted the act of main party in whose names the exports were supp....

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....ght out in the investigation that Shri K.K. Gupta also a Director of M/s Unique Ltd. opened a bank account in his capacity as the Director and also opened a joint account with shri Pramod in the same bank. These two bank accounts were extensively used to transfer the sale proceeds and the illegal gains that accrued by diversion of goods which were originally procured without payment of duty and in....