https://www.taxtmi.com/caselaws?id=155394 The Tribunal set aside the demand and penalties imposed on M/s. Vijay Packaging Systems Ltd. (VPSL) and its Managing Director, emphasizing the necessity of substantial evidence to prove clandestine clearances. Relying solely on bank statements without additional corroboration was deemed inadequate. The penalties imposed on the Managing Director were vacated as the Tribunal found insufficient evidence to support the charges of mis-declaration. The appeals were allowed, and penalties were overturned. en-us Tue, 29 Dec 2009 00:00:00 +0530 Thu, 03 Jan 2019 15:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=155394 The Tribunal set aside the demand and penalties imposed on M/s. Vijay Packaging Systems Ltd. (VPSL) and its Managing Director, emphasizing the necessity of substantial evidence to prove clandestine clearances. Relying solely on bank statements without additional corroboration was deemed inadequate. The penalties imposed on the Managing Director were vacated as the Tribunal found insufficient evidence to support the charges of mis-declaration. The appeals were allowed, and penalties were overturned. Case-Laws Central Excise Tue, 29 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=155394