2018 (1) TMI 263

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.... under tariff heading 9101 or 9102. Certain investigations were conducted by the officers on the ground that the main appellant manufactured and cleared watches with MRP of above Rs. 500/- per piece and availed ineligible SSI examination in terms of Notification No.8/2003-CE-dated 01.03.2003 read with 8/2006-CE-dated 01.03.2006. On completion of enquiries, proceedings were initiated against the main appellant and two Directors of the main appellant, to demand and recover central excise duty and also to impose penalties on them. 2. The case was adjudicated by the original authority vide his order dated 26.12.2010. He confirmed the excise duty liability of Rs. 27,19,427/- and imposed equal amount of penalty on the main appellant in terms o....

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....ellant has been sustained by the Revenue based on recovery of Kaccha slips showing unaccounted sale of wrist watches and recovery of price tags of various models with MRP of above Rs. 500/- per piece. The private documents as well as prices tags were corroborated by the statements given by the persons concerned with affairs of the main appellant. We note that the claim of the appellant that there is no corroborative evidence on unaccounted clearances of dutiable items is not tenable. Two Directors of the main appellant have categorically stated that the main appellant was engaged in the manufacture of watches and they did clear that with MRP of more than Rs. 500/- per piece. When asked about the details regarding raw material procurement, s....