ECE INDUSTRIES LTD, SANATHNAGAR, HYDERABAD. THEY ARE DECREASING STOCKS OF RAWMATERIAL & PROCESS SLOWLY QUARTER WISE AFTER THAT REMOVED STOCKS IN BOOKS. THEY ARE SELLING MATERIAL WITHOUT BILLS. 1.2CRORES OF MATERIAL DEVAULED DURING YEAR 2009 THEY ARE AVAILING MODVAT ON SAID STOCKS.
BUT THEY DID NOT REVERCE THE MODVAT. IN TWO DIVISIONS AT HYDEARBAD.
EARLIER ALSO ABOUT 10 CRORES OF MATERIAL DEVAULED 2004 TO 2008.
NEARLY 2CRORES OF RUPEES LOSS THE GOVERNEMENT.
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