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(vii) The value of the Front cover of T.V. Cabinet was stated to be Rs. 80/-per pc. by Shri Dinesh Kumar Parwanda in his statement dt. 18.3.1989 and the same value has been taken to be in respect of back cover also.
(viii) From the foregoing facts it has been alleged to appear that the party manufactured and cleared T.V. Cabinets Front cover/Back cover as detailed in Annexure XVII to the show-cause notice, and valued at Rs. 23,14,240/- plus Rs. 46,080/- involving Central Excise Duty of Rs. 3,71,750.40 (Rs. 3,54,040/- as BED and Rs. 17,702.40 as SED) on suppression of the facts relating to production and clearance of the same, without filing the price list as required under Rule 173C of the Central Excise Rules, 1944, without accounting for the production in the Daily Stock Account i.e. R.G.-1 as required under Rule 53 read with Rule 173G ibid, without covering the removal of the same by a proper G.P.I as required under Rule 173F read with Rule 52A ibid, without determining and paying the Central Excise Duty leviable thereon as required under Rules 173F and 9(1) read with 173G ibid respectively and without properly maintaining the statutory record as required under Rule 226 ibid. The party thus, appears to be liable for penal action under Rules 9(2), 173Q, 209 and 226 ibid and that for the recovery of Central Excise Duty the extended period of time limit as laid down under Section 11A of the Central Excises & Salt Act, 1944 is invocable.