2022 (8) TMI 227

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....cted searches at the factory and office premises of one M/s Pankaj Ispat Limited, Raipur (M/s PIL in short) and seized several records/ documents. The scrutiny of these records / documents revealed that besides other discrepancies during the period 2010-11 to 2011-12, M/s PIL had purchased total 245.960 MT of MS ingot from the appellant without payment of excise duty, and without cover of central excise invoices, which had also been admitted by Sh. Pankaj Agarwal, Director of M/s PIL, in his statements dated 19.09.2012 and 02.10.2012. Accordingly, a follow up enquiry was conducted against the appellant's company under summons mode, and the relevant records were obtained from them. The comparison of information contained in the seized record....

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....rds of M/s PIL alongwith clearance of the consignment of M.S. Ingot purchased on payment of duty during the relevant period. This appellant had admitted the duty paid transaction recorded in the seized record but have denied the non-duty paid clearances to M/s PIL. It is further observed that the Director of M/s PIL Sh. Pankaj Agarwal has accepted the receipt of inputs - M.S. Ingot from this appellant both duty paid and non-duty paid. Accordingly, he upheld the order-in-original. 4. Being aggrieved, the appellant is before this Tribunal. 5. Learned Counsel for the appellant urges that the whole case of Revenue is based on third party record as well as statement of the Director of M/s PIL. Nothing wrong or untrue have been found in the....