TMI Blog2014 (1) TMI 327X X X X Extracts X X X X X X X X Extracts X X X X ..... n their factory - the inputs must not have been used in or in relation to the manufacture of final product - The determination of the issue rest on the appreciation of evidences collected by the Department and rebutted by the applicant - the applicants have already deposited an amount of Rs.10.00 lakhs – assessee has made a fair offer to deposit another Rs.7.00 lakhs – the assessee is directed to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... appearing for the Applicant, has submitted that the Applicant No.(i) M/s Greystone Ispat Ltd. are engaged in the manufacture of TMT Bars and Rods, HSD Bars and Rods. In the process of manufacture of the said goods, they use MS Ingots as their principal raw material. It is the allegation of the Department that during the period from 01.06.2004 to 31.03.2007, the applicants had wrongly availed cenv ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ffer to deposit an amount of Rs.7.00 lakhs. 3. The ld. A.R. for the Revenue has submitted that there are ample evidences against the applicant listed in the show-cause notices as well as in the impugned order to show that the inputs mentioned in the invoices were not received in their factory. He has submitted that the suppliers had not supplied the goods, hence, the availment of credit only on ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... osit another Rs.7.00 lakhs. The said offer is accepted. In these circumstances, the Applicant No.(i) M/s Greystone Ispat Ltd. is directed to make pre-deposit of Rs.7.00 lakhs (Rupees seven lakhs only) within a period of eight weeks from today and report compliance on 17.06.2013. Failure to deposit the said amount would result in dismissal of both the appeals without further notice. On deposit of t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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