https://www.taxtmi.com/caselaws?id=190230 The Tribunal upheld the duty demand on molasses cleared to a katcha pit by a company engaged in sugar and molasses manufacturing, despite the appellant's argument based on a previous case. The penalty under Rule 25 was reduced from Rs. 50,000 to Rs. 25,000 due to the admitted mistake and subsequent compliance. The appellant's stance that duty was paid upon actual removal from the factory was rejected as their records treated the storage as removal, making duty payable. The duty demand was upheld, but the penalty was reduced considering the circumstances. en-us Thu, 19 Mar 2015 00:00:00 +0530 Thu, 09 Feb 2017 22:57:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190230 The Tribunal upheld the duty demand on molasses cleared to a katcha pit by a company engaged in sugar and molasses manufacturing, despite the appellant's argument based on a previous case. The penalty under Rule 25 was reduced from Rs. 50,000 to Rs. 25,000 due to the admitted mistake and subsequent compliance. The appellant's stance that duty was paid upon actual removal from the factory was rejected as their records treated the storage as removal, making duty payable. The duty demand was upheld, but the penalty was reduced considering the circumstances. Case-Laws Central Excise Thu, 19 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190230