https://www.taxtmi.com/caselaws?id=207890 The Supreme Court remanded the case back to the Tribunal for fresh consideration based on legal precedents. The Tribunal upheld the duty demand of Rs. 1,23,331 on the removed fibre and imposed a penalty equal to the duty demand for clandestine removal without payment of duty or reversal of credit. The judgment emphasized the consequences of willful misstatement or suppression of facts in duty-related matters, in line with Section 11AC of the Central Excise Act. en-us Wed, 02 Feb 2011 00:00:00 +0530 Mon, 21 Nov 2011 10:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207890 The Supreme Court remanded the case back to the Tribunal for fresh consideration based on legal precedents. The Tribunal upheld the duty demand of Rs. 1,23,331 on the removed fibre and imposed a penalty equal to the duty demand for clandestine removal without payment of duty or reversal of credit. The judgment emphasized the consequences of willful misstatement or suppression of facts in duty-related matters, in line with Section 11AC of the Central Excise Act. Case-Laws Central Excise Wed, 02 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207890