https://www.taxtmi.com/caselaws?id=240112 The Appellate Tribunal CESTAT NEW DELHI confirmed duty of Rs. 23,34,20,556 against M/s. Raghuveer Metal Industries for alleged clandestine activities and excess royalty payments to Kamdhenu Ispat Ltd. Penalties of identical amounts were imposed. The Tribunal dismissed the financial hardship plea and ruled that confiscated currency belonged to the exchequer. The appellant was directed to deposit an additional Rs. 4 crores within 12 weeks for the appeal to proceed, with waiver of pre-deposit for remaining dues and penalties pending compliance review. en-us Mon, 23 Sep 2013 00:00:00 +0530 Tue, 26 Nov 2013 08:49:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240112 The Appellate Tribunal CESTAT NEW DELHI confirmed duty of Rs. 23,34,20,556 against M/s. Raghuveer Metal Industries for alleged clandestine activities and excess royalty payments to Kamdhenu Ispat Ltd. Penalties of identical amounts were imposed. The Tribunal dismissed the financial hardship plea and ruled that confiscated currency belonged to the exchequer. The appellant was directed to deposit an additional Rs. 4 crores within 12 weeks for the appeal to proceed, with waiver of pre-deposit for remaining dues and penalties pending compliance review. Case-Laws Central Excise Mon, 23 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240112