https://www.taxtmi.com/caselaws?id=188073 The Appellate Tribunal CESTAT MUMBAI upheld a duty demand of Rs. 35,62,704 on finished fabrics and confirmed the confiscation of processed fabrics due to alleged clandestine clearance. A penalty equal to the duty amount was imposed on the appellants, with the Tribunal reducing it to Rs. 8,00,000. Despite the appellants partially paying duty, the retraction of a coercion claim by the proprietor was dismissed. The judgment highlighted the importance of credibility of evidence, retraction of statements, and unlawful clearance of goods in determining the case outcome. en-us Wed, 19 Jul 2006 00:00:00 +0530 Thu, 17 Nov 2016 12:18:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188073 The Appellate Tribunal CESTAT MUMBAI upheld a duty demand of Rs. 35,62,704 on finished fabrics and confirmed the confiscation of processed fabrics due to alleged clandestine clearance. A penalty equal to the duty amount was imposed on the appellants, with the Tribunal reducing it to Rs. 8,00,000. Despite the appellants partially paying duty, the retraction of a coercion claim by the proprietor was dismissed. The judgment highlighted the importance of credibility of evidence, retraction of statements, and unlawful clearance of goods in determining the case outcome. Case-Laws Central Excise Wed, 19 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188073