https://www.taxtmi.com/caselaws?id=340494 The Tribunal set aside the order confirming Central Excise duty demand and penalties imposed on a company engaged in manufacturing Sponge Iron and M.S. Ingots. The demand was based on alleged discrepancies in production records, with shortages noted. The Tribunal found the demand of duty amounting to Rs. 79,44,528 was not sustainable due to insufficient evidence and lack of proof of goods being removed from the factory. Penalties imposed on the company, its Director, and General Manager were also deemed unsustainable due to the lack of evidence linking shortages to duty evasion. en-us Wed, 01 Mar 2017 00:00:00 +0530 Mon, 27 Mar 2017 11:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340494 The Tribunal set aside the order confirming Central Excise duty demand and penalties imposed on a company engaged in manufacturing Sponge Iron and M.S. Ingots. The demand was based on alleged discrepancies in production records, with shortages noted. The Tribunal found the demand of duty amounting to Rs. 79,44,528 was not sustainable due to insufficient evidence and lack of proof of goods being removed from the factory. Penalties imposed on the company, its Director, and General Manager were also deemed unsustainable due to the lack of evidence linking shortages to duty evasion. Case-Laws Central Excise Wed, 01 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340494