https://www.taxtmi.com/caselaws?id=124287 The Tribunal upheld the Revenue's appeals, confirming the duty demand of Rs. 1,01,136 and imposing a penalty of Rs. 26,911 under section 11AC. The liability for these amounts was also confirmed concerning the consequential refund received by the respondents. The decision emphasized the significance of the Managing Director's admissions and the unretracted second statement in establishing the duty demand, supported by the lack of corroborating evidence from the department and the recovery of incriminating documents. en-us Thu, 14 Aug 2008 00:00:00 +0530 Thu, 27 Sep 2012 15:22:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124287 The Tribunal upheld the Revenue's appeals, confirming the duty demand of Rs. 1,01,136 and imposing a penalty of Rs. 26,911 under section 11AC. The liability for these amounts was also confirmed concerning the consequential refund received by the respondents. The decision emphasized the significance of the Managing Director's admissions and the unretracted second statement in establishing the duty demand, supported by the lack of corroborating evidence from the department and the recovery of incriminating documents. Case-Laws Central Excise Thu, 14 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124287