Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: empanelment :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: due date for vat payment :: VAT Audit :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: form 3cd :: ACCOUNTING STANDARDS
Customs and Excise »
 Central Board of Excise and Customs to soon notify new procedural framework
 CBEC set to be Central Board of Indirect Taxes and Customs
 Govt to give customs, excise duty benefits to boost solar rooftop sector
 Clarification regarding posting of Central Excise officer in Cigarette units-reg.
 Ensure transparency in excise department working: Bizmen to government
 It is time to review the customs duty on essential food imports
 Migration to GST of existing Central Excise / Service Tax Assessees
 Rate of exchange of conversion of the foreign currency with effect from 3rd February, 2017
 Budgetary Changes In Customs
 Customs and excise officials upset with GST administration deal with states
 Higher petro excise props up govt tax kitty

Official sought money to reduce excise duty: CBI
January, 14th 2011

The Central Bureau of Investigation (CBI) on Thursday told the special court that Krishna Mahadik, superintendent at the directorate general of customs and excise (intelligence), had demanded a bribe of over Rs 1.09 crore from Jalna-based industrialist Dinesh Bharuka for reducing excise duty of Rs 10 crore to Rs 3.25 crore. Mahadik was arrested for accepting Rs 1.09 crore from two industrialists recently.

Opposing bail pleas of Mahadik, Bharuka and industrialist Surender Pitti before the special judge J D Kulkarni, CBI special public prosecutors Vivek Saxena and Ayub Pathan read the statements of witnesses to prove that Mahadik had demanded the money for adjusting the excise duty.

The prosecutors said that the statement of customs and excise commissioner Y B Singh and other circumstances do not to prove that Pitti and Bharuka had paid the bribe to Mahadik. They informed of recovering Bharuka's file from Mahadik's car and seizing vital documents from his residence.

The CBI prayed to reject their bail pleas fearing that they may create obstructions in the probe or may tamper with the evidence as the accused are well connected with public servants and others involved in excise duty evasion.

Lawyer Pratap Pardeshi, who represented Mahadik, said his client was not well and should be given bail. Lawyer Shrikant Shivade, representing Pitti, said that section 7 of the Prevention of Corruption Act was not applicable in the case as there was no nexus between his client and Bharuka.

Lawyer Harshad Nimbalkar, who represented Bharuka, furnished a bank statement to prove that the huge amount was withdrawn from his account.

Nimbalkar denied the charge that Bharuka was present at the time of handing over the bribe to Mahadik, but he claimed that Bharuka had business relations with Pitti. The CBI told the special court on Thursday that Bharuka was one of the directors of M/s Om Sai Ram Steels Private Limited and the money showing transactions was withdraw by the firm and not from his personal account.

The court reserved its order on the bail pleas till Friday.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Application Management Solutions Application Management System Application Management Software System Application Management Development Application Management Software Development

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions