https://www.taxtmi.com/caselaws?id=271048 The Tribunal overturned the impugned order imposing redemption fines and penalties on individuals associated with a trading company for alleged duty evasion and clandestine removal of goods. The Tribunal found the charges to be based on presumption and surmises, lacking tangible evidence. As the company was not penalized and the allegations were refuted with evidence of trade practices, the penalties on individuals were deemed unjustified. Consequently, the penalties on the individuals were set aside, and the appeals were allowed with consequential relief due to insufficient evidence supporting the allegations. en-us Fri, 04 Dec 2015 00:00:00 +0530 Mon, 25 Jan 2016 09:04:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271048 The Tribunal overturned the impugned order imposing redemption fines and penalties on individuals associated with a trading company for alleged duty evasion and clandestine removal of goods. The Tribunal found the charges to be based on presumption and surmises, lacking tangible evidence. As the company was not penalized and the allegations were refuted with evidence of trade practices, the penalties on individuals were deemed unjustified. Consequently, the penalties on the individuals were set aside, and the appeals were allowed with consequential relief due to insufficient evidence supporting the allegations. Case-Laws Central Excise Fri, 04 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271048