https://www.taxtmi.com/caselaws?id=246394 The Appellate Tribunal upheld the demand of duty, interest, and penalty against the Managing Director, confirming the duty demand and equal penalty imposed. The confiscation of the cash amount recovered was challenged due to lack of evidence linking it to clandestine activities, leading to the impugned order being set aside and the appeals allowed. The shortage of raw materials and finished goods, imposition of penalty under Rule 26 of Central Excise Rules, 2002, lack of physical weighment, and applicability of previous Tribunal decisions were also considered in the judgment. en-us Wed, 22 Feb 2012 00:00:00 +0530 Sun, 20 Apr 2014 16:13:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246394 The Appellate Tribunal upheld the demand of duty, interest, and penalty against the Managing Director, confirming the duty demand and equal penalty imposed. The confiscation of the cash amount recovered was challenged due to lack of evidence linking it to clandestine activities, leading to the impugned order being set aside and the appeals allowed. The shortage of raw materials and finished goods, imposition of penalty under Rule 26 of Central Excise Rules, 2002, lack of physical weighment, and applicability of previous Tribunal decisions were also considered in the judgment. Case-Laws Central Excise Wed, 22 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246394