https://www.taxtmi.com/caselaws?id=335511 Contemporaneous account evidence and buyer-wise corroboration established a pattern of routing sale proceeds through a separate account to conceal clearances and suppress turnover for small scale industry exemption, so clandestine removal and the unit's penalty were upheld. The director was found to have played a conscious role in the arrangement, but the penalty was reduced as excessive in the circumstances, so liability remained in principle with partial relief on quantum. The finance manager was treated as an employee without proof of a culpable role, so the penalty against him was set aside. en-us Wed, 19 Oct 2016 00:00:00 +0530 Sat, 03 Dec 2016 08:18:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335511 Contemporaneous account evidence and buyer-wise corroboration established a pattern of routing sale proceeds through a separate account to conceal clearances and suppress turnover for small scale industry exemption, so clandestine removal and the unit's penalty were upheld. The director was found to have played a conscious role in the arrangement, but the penalty was reduced as excessive in the circumstances, so liability remained in principle with partial relief on quantum. The finance manager was treated as an employee without proof of a culpable role, so the penalty against him was set aside. Case-Laws Central Excise Wed, 19 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335511