2004 (12) TMI 712

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nsidered the matter in these appeals which arise from the common order. The issue involved is a claim of DEPB by the firm Goel Air Shrink Ltd., who were alleged to have overvalued as shown on certain Shipping Bills seeking export of goods on DEPB benefit. The Customs authorities found and were of the view that the valuation declared on those Shipping Bills for the said export were over pitched and....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... lakh sixty seven thousand five hundred only) in respect of Fragrant designed PP Mats as determined by the assessing officer as against the total value of Rs. 5,12,03,216/- declared by the exporters. 2.       I impose penalty of Rs. 25,00,000/- (Rupees twenty five lakhs only) on M/s. Goel Air Shrink (I) Ltd. Sinnar, Nashik Manufacturers Exporters and also penalty o....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... of Rs. 5,00,000/- (Rupees five lakhs only) each on S/Shri Pramod Purshottamlal Goel the Managing Director of M/s. Goel Air Shrink (I) Ltd. Sinnar, Nashik and partner of M/s. Goel Packaging Industries Ltd., and Pradeep Purshottamlal Goel, Director of M/s. Goel Air Shrink (I) Ltd. Sinnar, Nashik and partner of M/s. Goel Packaging Industries Ltd., who have been found directly involved for filing shi....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....y thousand only) on Shri Manoj Kumar Jain of Kolkata under Section 114 of Customs Act for his involvement of introducing Shri Vikas Chaudhary with Shri Pradeep Goel and Shri Sanjay Agrawal, Chartered Accountant for opening of bank accounts in respect of non-existing firms with only intention of helping M/s. Goel Air-Shrink (I) Ltd. to defraud the Government." 2. The issue of exports under ....