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2010 (8) TMI 53 - CESTAT, NEW DELHI
Penalty – Clandestine removal – Pan Masala and Gutkha manufactured and cleared without payent of duty. Statement of accountant of raw material supplier that appellants were actual owner of such supplier firm, not retracted and the same corroborated by documentary evidence. Invoices with address of appellants reached raw material supplier proving link between such supplier and appellant. Gold transaction by members of appellants family facie amounting to money laundering. Held that – duty demand of ₹ 33.20 crore confirmed. Penalty totaling ₹ 67 crore higher and reduced to ₹ 5 crore each on all three appellant.