https://www.taxtmi.com/caselaws?id=338660 The Tribunal allowed the appeals as the Revenue failed to substantiate the under-valuation allegations regarding grey fabrics supplied, leading to the rejection of penalties imposed on the appellants. The lack of concrete evidence supporting the alleged mis-declaration of value and reliance on retracted statements without proper substantiation resulted in the penalties being overturned. The importance of providing tangible evidence to support penalty imposition was emphasized in the decision. en-us Mon, 30 Jan 2017 00:00:00 +0530 Sat, 19 Aug 2017 14:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338660 The Tribunal allowed the appeals as the Revenue failed to substantiate the under-valuation allegations regarding grey fabrics supplied, leading to the rejection of penalties imposed on the appellants. The lack of concrete evidence supporting the alleged mis-declaration of value and reliance on retracted statements without proper substantiation resulted in the penalties being overturned. The importance of providing tangible evidence to support penalty imposition was emphasized in the decision. Case-Laws Central Excise Mon, 30 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338660