Central excise duty evasion detected at SP Creation
The Revenue Department has detected central excise duty evasion of Rs 1.46 crore from Kolkata based SP Creation -- an accessories manufacturer on behalf Italy's premium leather goods brand Da Milano.delhi Updated: Jun 09, 2013 12:30 IST
The Revenue Department has detected central excise duty evasion of Rs 1.46 crore from Kolkata based SP Creation -- an accessories manufacturer on behalf Italy's premium leather goods brand Da Milano.
"Acting on an intelligence, Anti Evasion Unit of Kolkata Commissionerate visited the factory cum office premises of SP Creation for enquiry.
"During enquiry, it was revealed that S P Creation have manufactured on behalf of Da Milano Leather Private Ltd and removed leather bags, wallet, purse...under brand name 'Da Milano' exclusively for Da Milano, New Delhi at a dictated and controlled price in contravention with the Central Excise Act," a statement from the Office of the Commissioner of Central Excise, Kolkata Unit has said.
The enquiry, which took place in January, detected evasion of central excise of Rs 1.46 crore by SP Creation and recovery action is being taken.
Besides, the Central Excise Kolkata Unit has also detected a total tax evasion of Rs 1.22 crore from four different entities -- PC Chandra Jewellery Apex, PC Chandra Jewellery Gems, Senco Gold Limited and MP Jewellers Private Limited.
The Commissionerate also said that a show cause notice is being issued to Senco Gold Limited as the company has not yielded to persuasion and to its Executive Director Suvankar Sen, for "his conscious and manipulative act" to evade duty and to "suppress the fact".
The anti-evasion unit also recovered Rs 31.15 lakh from Anjali Jewellers for not paying cenvat duty against selling gold and silver bars and coins via its outlets across India.
"Acting on an intelligence...Anjali Jewellers have admitted the facts and implication and paid amount of Rs 31.15 towards their duty liability including interest and penalty through e-payment. Further investigation is in progress," said the statement.
First Published: Jun 09, 2013 12:23 IST