https://www.taxtmi.com/caselaws?id=113975 The Tribunal upheld personal penalties on the Managing Director and Plant Manager for allegations of excess stock and clandestine removal of goods. The appellants were required to pre-deposit a substantial duty amount and penalties for the appeal, with a directive for further compliance and reporting deadlines. Despite acknowledging the possibility of clandestine activities, the Tribunal considered the company's financial distress and lack of ongoing business activities in safeguarding revenue interests. en-us Wed, 07 Jul 2004 00:00:00 +0530 Wed, 09 May 2012 15:50:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113975 The Tribunal upheld personal penalties on the Managing Director and Plant Manager for allegations of excess stock and clandestine removal of goods. The appellants were required to pre-deposit a substantial duty amount and penalties for the appeal, with a directive for further compliance and reporting deadlines. Despite acknowledging the possibility of clandestine activities, the Tribunal considered the company's financial distress and lack of ongoing business activities in safeguarding revenue interests. Case-Laws Central Excise Wed, 07 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113975