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2011 (1) TMI 827 - AT - Central ExciseDemand, interest and penalty - The appellant are manufacturer of plastic master batches chargeable to Central Excise Duty - Their factory premises were visited by the Jurisdictional Central Excise officers, the following irregularities were detected :-(i)shortage of various items of finished goods (ii)shortage of cenvated raw material (iii)excess of semi-finished material rejected master batch (iv)non-payment of duty on clearances of sample - Held that:- though the statement of Shri S.S. Thakur, Manager and Authorised Signatory was recorded twice, he could not give any satisfactory explanation for the shortage of the finished goods and cenvated inputs and clearances of the samples without payment of duty - Also find that Shri S.C. Jain, the Managing Director of the appellant company was summoned thrice but he never appeared before investigating officers - Similarly, there is no satisfactory explanation for the excess quantity in respect of the semi-finished goods - Therefore, decided against the assessee.
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