2003 (11) TMI 252

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....- The Commissioner of Central Excise, Mumbai has confirmed a duty demand of Rs. 2,39,14,315/- against M/s. Modi Stone Ltd. on the ground that they cleared LCV Tyres & Jeep Tyres in the guise of tyres for tractors and trailers during the period Nov. 1993 to June 1996 and penalty of amount equal to duty has been imposed upon the assessee in addition to penalties of Rs. 5 lakhs each on the Vice Chair....