My dear friends,
One assesee classified different Central ExciseTariff No for local sale and export sale and filled returns year after year. Neither the Div Supt nor Audit has raised any objection. But antieviation cell has seized all excise records for last 5 years and issued summon after summons for interogation to the employee incuding the director of the co.
My question is how this issue is to be settled? No show cause has been issued after seizer till to date (one month passed). How long dept can issue summons?
Wating for reply from any experts.
S. Banerjee
CAclubindia
