https://www.taxtmi.com/caselaws?id=177984 The Tribunal overturned the demand of duty and penalty imposed by the Commissioner on M/s. Charu Steel, amounting to Rupees 3,69,41,602, due to lack of substantial evidence supporting allegations of suppression of production and clandestine clearance. The investigation's reliance on discrepancies in electricity consumption and balance sheet entries was deemed insufficient. Citing a precedent, the Tribunal highlighted the limited jurisdiction of Central Excise authorities to scrutinize certain statutory records, leading to the dismissal of the Revenue's claims. en-us Tue, 14 Oct 2014 00:00:00 +0530 Mon, 25 Jan 2016 10:10:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177984 The Tribunal overturned the demand of duty and penalty imposed by the Commissioner on M/s. Charu Steel, amounting to Rupees 3,69,41,602, due to lack of substantial evidence supporting allegations of suppression of production and clandestine clearance. The investigation's reliance on discrepancies in electricity consumption and balance sheet entries was deemed insufficient. Citing a precedent, the Tribunal highlighted the limited jurisdiction of Central Excise authorities to scrutinize certain statutory records, leading to the dismissal of the Revenue's claims. Case-Laws Central Excise Tue, 14 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177984