https://www.taxtmi.com/caselaws?id=270048 Clandestine clearances of polyester texturised yarn attracted duty, interest and penalty, and the Tribunal upheld liability on the assessee while recognising cum-duty benefit on the facts and settled law. It also accepted the assessee's entitlement to the statutory option of paying 25% penalty within the prescribed period under Section 11AC. Penalties on persons directly involved in clandestine removal were sustained in principle under Rule 26 because the expression "in any manner" is wide, but the individual penalties were reduced as excessive. The appeal of the deceased appellant abated. en-us Tue, 03 Nov 2015 00:00:00 +0530 Mon, 28 Dec 2015 09:49:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270048 Clandestine clearances of polyester texturised yarn attracted duty, interest and penalty, and the Tribunal upheld liability on the assessee while recognising cum-duty benefit on the facts and settled law. It also accepted the assessee's entitlement to the statutory option of paying 25% penalty within the prescribed period under Section 11AC. Penalties on persons directly involved in clandestine removal were sustained in principle under Rule 26 because the expression "in any manner" is wide, but the individual penalties were reduced as excessive. The appeal of the deceased appellant abated. Case-Laws Central Excise Tue, 03 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270048