https://www.taxtmi.com/caselaws?id=260448 The Tribunal upheld a duty demand of Rs. 7,28,92,253/- against the appellant company for alleged clandestine removal of Saria (TMT Bars) and unaccounted receipt of MS Ingots. The penalty on the company was also reduced. However, the duty demand of Rs. 16,38,63,265/- based on a power consumption ratio was set aside due to lack of corroborative evidence. en-us Thu, 21 May 2015 00:00:00 +0530 Fri, 12 Jun 2015 06:00:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260448 The Tribunal upheld a duty demand of Rs. 7,28,92,253/- against the appellant company for alleged clandestine removal of Saria (TMT Bars) and unaccounted receipt of MS Ingots. The penalty on the company was also reduced. However, the duty demand of Rs. 16,38,63,265/- based on a power consumption ratio was set aside due to lack of corroborative evidence. Case-Laws Central Excise Thu, 21 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260448