https://www.taxtmi.com/caselaws?id=248579 The Tribunal allowed the application for the waiver of pre-deposit of central excise duty, penalty, and interest. The appellant successfully demonstrated that the excess sales income shown in the balance sheet, leading to the demand, was for availing additional overdraft from the bank and not due to clandestine activities. As excise duty can only be demanded on goods manufactured and cleared from registered premises, the Tribunal found no basis for the differential duty in question. Recovery was stayed pending appeal disposal, emphasizing the importance of substantiating claims and the necessity for evidence in excise duty matters. en-us Fri, 02 Aug 2013 00:00:00 +0530 Mon, 16 Jun 2014 22:52:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248579 The Tribunal allowed the application for the waiver of pre-deposit of central excise duty, penalty, and interest. The appellant successfully demonstrated that the excess sales income shown in the balance sheet, leading to the demand, was for availing additional overdraft from the bank and not due to clandestine activities. As excise duty can only be demanded on goods manufactured and cleared from registered premises, the Tribunal found no basis for the differential duty in question. Recovery was stayed pending appeal disposal, emphasizing the importance of substantiating claims and the necessity for evidence in excise duty matters. Case-Laws Central Excise Fri, 02 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248579