https://www.taxtmi.com/caselaws?id=126193 The Tribunal upheld the confirmation of central excise duty, interest, and penalty imposed on the appellant company under relevant provisions. The waiver of pre-deposits was denied due to lack of establishing a prima facie case for relief, despite arguments of natural justice and financial hardship. Exemption under Notification No. 8/2003 was rejected as relevant turnover information was withheld. Clandestine removal of finished goods was proven, justifying the imposed demand and penalty. Directors were held liable for penalties, necessitating specified deposits. Stay was granted subject to full payment within a set timeframe. en-us Wed, 29 Apr 2009 00:00:00 +0530 Sat, 03 Nov 2012 11:39:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126193 The Tribunal upheld the confirmation of central excise duty, interest, and penalty imposed on the appellant company under relevant provisions. The waiver of pre-deposits was denied due to lack of establishing a prima facie case for relief, despite arguments of natural justice and financial hardship. Exemption under Notification No. 8/2003 was rejected as relevant turnover information was withheld. Clandestine removal of finished goods was proven, justifying the imposed demand and penalty. Directors were held liable for penalties, necessitating specified deposits. Stay was granted subject to full payment within a set timeframe. Case-Laws Central Excise Wed, 29 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126193