https://www.taxtmi.com/caselaws?id=235730 The Appellate Tribunal CESTAT AHMEDABAD ruled in a case involving M/s Patel Manufacturing Co. concerning a demand for duty liability, interest, and penalty due to clandestine removal of goods. Despite the appellant's arguments challenging the authenticity of implicating statements, the Tribunal found evidence supporting unaccounted transactions. The appellant was directed to deposit Rs.50 lakhs, with an additional Rs.50 lakhs to be deposited within sixteen weeks. The waiver of pre-deposit for the remaining amounts was granted, pending final disposal of the appeals, stressing the need for thorough investigation into the issue of clandestine removal. en-us Fri, 26 Jul 2013 00:00:00 +0530 Fri, 02 Aug 2013 06:03:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235730 The Appellate Tribunal CESTAT AHMEDABAD ruled in a case involving M/s Patel Manufacturing Co. concerning a demand for duty liability, interest, and penalty due to clandestine removal of goods. Despite the appellant's arguments challenging the authenticity of implicating statements, the Tribunal found evidence supporting unaccounted transactions. The appellant was directed to deposit Rs.50 lakhs, with an additional Rs.50 lakhs to be deposited within sixteen weeks. The waiver of pre-deposit for the remaining amounts was granted, pending final disposal of the appeals, stressing the need for thorough investigation into the issue of clandestine removal. Case-Laws Central Excise Fri, 26 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235730