https://www.taxtmi.com/caselaws?id=259860 The Tribunal confirmed a demand of Rs. 8,70,21,132 against M/s. Nibi Steel Ltd. with penalties on M/s. Monu Steels and the director for clandestine removal of MS Ingots. Despite challenges to the demand calculation and capacity utilization arguments, evidence of clandestine removal through diary entries and admissions supported the duty payment order. A pre-deposit of Rs. 11 lacs was mandated, with compliance required within four weeks to stay remaining liabilities pending appeal, emphasizing the need for balance between appellant interests and revenue authorities. en-us Mon, 29 Sep 2014 00:00:00 +0530 Sat, 23 May 2015 19:07:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259860 The Tribunal confirmed a demand of Rs. 8,70,21,132 against M/s. Nibi Steel Ltd. with penalties on M/s. Monu Steels and the director for clandestine removal of MS Ingots. Despite challenges to the demand calculation and capacity utilization arguments, evidence of clandestine removal through diary entries and admissions supported the duty payment order. A pre-deposit of Rs. 11 lacs was mandated, with compliance required within four weeks to stay remaining liabilities pending appeal, emphasizing the need for balance between appellant interests and revenue authorities. Case-Laws Central Excise Mon, 29 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259860