https://www.taxtmi.com/caselaws?id=254832 The Tribunal upheld the duty demand confirmation of Rs. 8,60,474 against M/s. Ganapati Rolling Mills Pvt Ltd, stemming from unaccounted final products and raw materials discovered during a factory visit. Penalties under section 11 AC of the Central Excise Act, 1944, were imposed on the company and specific individuals, the Director and Manager, for their involvement in clandestine removal of goods without duty payment. Despite challenges to the Revenue's case, the Tribunal dismissed all appeals, emphasizing the individuals' repeated admissions and retractions as evidence of their complicity in the clandestine activities. en-us Fri, 19 Sep 2014 00:00:00 +0530 Thu, 01 Jan 2015 13:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254832 The Tribunal upheld the duty demand confirmation of Rs. 8,60,474 against M/s. Ganapati Rolling Mills Pvt Ltd, stemming from unaccounted final products and raw materials discovered during a factory visit. Penalties under section 11 AC of the Central Excise Act, 1944, were imposed on the company and specific individuals, the Director and Manager, for their involvement in clandestine removal of goods without duty payment. Despite challenges to the Revenue's case, the Tribunal dismissed all appeals, emphasizing the individuals' repeated admissions and retractions as evidence of their complicity in the clandestine activities. Case-Laws Central Excise Fri, 19 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254832