https://www.taxtmi.com/caselaws?id=85904 The Appellate Tribunal CEGAT, MADRAS consolidated three appeals concerning duty demand due to discrepancies in production figures and invoices. The Tribunal upheld the duty demand based on evidence from bank statements and appellants' records, despite the appellants' argument of inflating figures for loans. Penalties were reduced for the company and Managing Director, with the Manager absolved. The judgment emphasized the importance of corroborative evidence in duty evasion cases and balanced penalty imposition. The decision underscored the significance of accurate records and consequences of financial discrepancies in duty obligations. en-us Fri, 05 Jul 1996 00:00:00 +0530 Mon, 08 Aug 2011 18:06:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85904 The Appellate Tribunal CEGAT, MADRAS consolidated three appeals concerning duty demand due to discrepancies in production figures and invoices. The Tribunal upheld the duty demand based on evidence from bank statements and appellants' records, despite the appellants' argument of inflating figures for loans. Penalties were reduced for the company and Managing Director, with the Manager absolved. The judgment emphasized the importance of corroborative evidence in duty evasion cases and balanced penalty imposition. The decision underscored the significance of accurate records and consequences of financial discrepancies in duty obligations. Case-Laws Central Excise Fri, 05 Jul 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85904