https://www.taxtmi.com/caselaws?id=208509 Clandestine removal of POY was treated as established where stock shortage was found and both the Executive Director and the buyer admitted clearance and receipt of goods on cash basis without duty or invoices; those unretacted admissions were sufficient without further corroboration. The duty demand was therefore sustained. Penalty on the company was upheld in principle as mandatory, but the appellate forum could extend the statutory option to pay reduced penalty where the original order omitted it, resulting in relief if timely compliance was made. Individual noticees were found knowingly involved in goods liable to confiscation, so penalties were justified, but the quantum was reduced. en-us Fri, 18 Feb 2011 00:00:00 +0530 Mon, 26 Sep 2011 19:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208509 Clandestine removal of POY was treated as established where stock shortage was found and both the Executive Director and the buyer admitted clearance and receipt of goods on cash basis without duty or invoices; those unretacted admissions were sufficient without further corroboration. The duty demand was therefore sustained. Penalty on the company was upheld in principle as mandatory, but the appellate forum could extend the statutory option to pay reduced penalty where the original order omitted it, resulting in relief if timely compliance was made. Individual noticees were found knowingly involved in goods liable to confiscation, so penalties were justified, but the quantum was reduced. Case-Laws Central Excise Fri, 18 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208509