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b) Submissions in respect of Labdhi Technologies (P) Ltd.,

(i) The Commissioner has held that the goods valued at Rs. 3,27,5000/- seized from the premises of the appellant are held liable to confiscation under Section 111(m) of the Customs Act 1962. Further, he has confirmed a differential duty of Rs. 4,91,230/- along with interest on account of under-valuation. He has appropriated an amount of Rs. 74,225/- paid vide TR Challan dated 17.2.2003 and in respect of the goods seized at the premises of M/s. Labdhi Technologies, Bangalore. Though the appellant has furnished evidence to prove that these purchasers are covered by Bills of entry in respect of imported goods, and bills bills/invoices in respect of goods locally purchased, the Commissioner has rejected the evidence furnished by the appellant that the statement of purchases, sale and stock has been unsigned and they are photocopies which are not attested by a Chartered Accountant.