https://www.taxtmi.com/caselaws?id=239808 Unretracted admissions of clandestine clearance, coupled with unexplained shortage in RG-1, were sufficient to sustain penalty under Section 11AC of the Central Excise Act, even though production entries and RG-23A balances were relied on by the assessee. Because duty on the short-found goods had been paid before issuance of the show cause notice, the assessee was entitled to the reduced penalty of 25% under the proviso to Section 11AC. Penalty under Rule 26 of the Central Excise Rules was also upheld against the partner who made the incriminating statements, as the admissions established knowledge of removal without duty and without invoices. en-us Wed, 25 Sep 2013 00:00:00 +0530 Sat, 30 May 2015 18:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239808 Unretracted admissions of clandestine clearance, coupled with unexplained shortage in RG-1, were sufficient to sustain penalty under Section 11AC of the Central Excise Act, even though production entries and RG-23A balances were relied on by the assessee. Because duty on the short-found goods had been paid before issuance of the show cause notice, the assessee was entitled to the reduced penalty of 25% under the proviso to Section 11AC. Penalty under Rule 26 of the Central Excise Rules was also upheld against the partner who made the incriminating statements, as the admissions established knowledge of removal without duty and without invoices. Case-Laws Central Excise Wed, 25 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239808