https://www.taxtmi.com/caselaws?id=109807 The appellate tribunal upheld the Commissioner's decision in a case involving M/s. ABS Industries evading Central Excise duty through illicit clearances, rejecting the appeal against dropping a significant duty demand of Rs. 89,30,790. The tribunal considered procedural lapses, contravention of excise rules in reprocessing rejected materials, and the interpretation of transactional terms in determining duty liabilities and penalties. The decision emphasized the importance of accurate financial reporting and adherence to prescribed procedures in excisable goods transactions. en-us Fri, 28 Feb 2003 00:00:00 +0530 Thu, 12 Apr 2012 10:16:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109807 The appellate tribunal upheld the Commissioner's decision in a case involving M/s. ABS Industries evading Central Excise duty through illicit clearances, rejecting the appeal against dropping a significant duty demand of Rs. 89,30,790. The tribunal considered procedural lapses, contravention of excise rules in reprocessing rejected materials, and the interpretation of transactional terms in determining duty liabilities and penalties. The decision emphasized the importance of accurate financial reporting and adherence to prescribed procedures in excisable goods transactions. Case-Laws Central Excise Fri, 28 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109807