TMI Blog2018 (10) TMI 1199X X X X Extracts X X X X X X X X Extracts X X X X ..... here is virtually no other evidence to establish that the appellant manufactured and cleared their final products in a clandestine manner. Even Vinod Kumar has disputed the fact that the said entries were in his hand writing - there is no evidence of receipt of excess raw material, there conversion into final products and there clearance to the identified buyers. It is well settled law and does ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 36/- stands confirmed against M/s Good Kare Medico Pvt. Ltd. along with imposition of penalty of identical amount. In addition penalty of ₹ 5,00,000/- stand imposed on Shri Vinod Kumar, Director of M/s Good Kare Medico Pvt. Ltd. under Rule 26 of Central Excise Rules, 2002. 2. As per facts on record, M/s Good Kare Medico Pvt. Ltd. is engaged in the manufacture of allopathic medicines falli ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ets reflects certain hypothetical sale figures for the purpose of submitting the same to the banks, so as to increase the bank loan limit. 3. Based upon the further investigations, Revenue initiated proceedings against the appellant resulting in passing of the present impugned order by the Original Adjudicating Authority as also by appellant Authority. Hence the present two appeals. 4. We ha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... at fails to convince due to the reason that most basic data in any manufacturing unit, however, small is the production and clearance of the products. As such he has held that as the appellant was not maintaining any record the entries made in the said register found from the residential premises of Shir Vinod Kumar has to be held as clandestine clearances of generic medicines. 6. It is seen th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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