2011 (4) TMI 854

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... or the Respondent Per Jyoti Balasundaram The appellants, who are manufacturers of cotton yarn, stock transferred yarn to their consignment agents. The clearance of the same was done by adopting lesser price by misdeclaration of the value in the declaration filed under Rule 173C of the Central Excise Rules, 1944. As per proviso (i)(a) of Section 4 read with sub-section 4(b)(iii) and 4 (ba) of the .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... the information regarding adoption of correct prevailing value by the consignment agents was not revealed to the department and this was done with intention to evade payment of duty. Hence the extended period of limitation is available to the department and as a consequence interest liability arises and the assessees are also liable to penalty (they do not challenge the duty demand and have accep .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X