2005 (3) TMI 273

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....ent]. - Duty demands and penalties as detailed hereunder have been confirmed together with interest against the appellants on the ground of undervaluation of veneers and plywoods :-  S. No. Name of the appellants Duty Penalty (1) M/s. Truwoods Private Ltd. Rs. 2,48,25,199/- Rs. 2,48,25,199/- (2) Alpine Panels Rs. 16,22,878/- Rs. 16,22,878/- (3) M/s. Maxworth Plywoods Ltd. Rs. ....

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....eld that "there is no evidence for the period beyond November 2002 as there is no investigation into the issue and there is no need for such investigation as it is not possible to raid and search every buyer every time for all the future periods to uncover the same set of evidences". There is no evidence for the period in dispute. The earlier evidence is adopted for the reason that there is no evi....