https://www.taxtmi.com/caselaws?id=215318 The Tribunal dismissed the Revenue's appeal against the order-in-appeal confirming a demand and reducing penalty under Section 11AC of the Act. The appeal challenged the reduction of penalty, contending it should not have been reduced. The respondent's cross objections, arguing the demand was time-barred, were upheld. The case involved grey fabric processing by M/s. Shreehari Fabrics Ltd., with the demand alleged for 1995-1998 due to suppressed fabric value. Lack of evidence of connivance led to the demand being considered time-barred, resulting in the dismissal of the Revenue's appeal and disposal of cross objections. en-us Wed, 18 Jan 2012 00:00:00 +0530 Tue, 31 Jul 2012 18:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215318 The Tribunal dismissed the Revenue's appeal against the order-in-appeal confirming a demand and reducing penalty under Section 11AC of the Act. The appeal challenged the reduction of penalty, contending it should not have been reduced. The respondent's cross objections, arguing the demand was time-barred, were upheld. The case involved grey fabric processing by M/s. Shreehari Fabrics Ltd., with the demand alleged for 1995-1998 due to suppressed fabric value. Lack of evidence of connivance led to the demand being considered time-barred, resulting in the dismissal of the Revenue's appeal and disposal of cross objections. Case-Laws Central Excise Wed, 18 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215318