2019 (2) TMI 468

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....ts, re-rolled products, etc. falling under Chapter Heading No. 72 of Central Excise Tariff Act, 1985. The instant case was initiated when name of the appellant Noticee No.1 of impugned SCN was found mentioned in the incriminating records of M/s. Monu Steels, the another manufacturer of ingots. Premises of Monu Steels were searched on 15.01.2007 on the basis of intelligence that the Induction Furnance Units engaged in the manufacture of MS ingots were showing consumption of electricity in excess to the ideal norms and thereby were engaged in suppression of production and clandestine removals of MS ingots. Based thereupon the Department alleged that the appellant also had suppressed the production and had clandestinely removed 28297.0 MT of M....

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....pon appellant has been confirmed after scrutinising the documents of M/s. Monu Steel, but without any cogent corroborative evidence in this respect from the appellants. It is impressed upon that major demand has already been set aside. Order qua confirming the remaining demand is prayed to be set aside. The appeal in hand is accordingly prayed to be allowed. 6. While controverting these arguments, ld. DR has submitted that the adjudicating authority has passed a speaking and reasoned order based on the documentary evidence. No question arises for setting aside of the same. Appeal is prayed to be rejected. 7. After hearing both the parties and pursuing the record, we observe that the initial demand of Rs. 8,21,08,631/- has already been dro....