https://www.taxtmi.com/caselaws?id=342650 The appeal by the Revenue challenging the reduction of penalty under Section 11 AC was dismissed. The case involved a respondent-assessee availing Cenvat credit on raw material, with a shortage of inputs and finished goods detected. Despite the presumption of clandestine activity, the Tribunal found insufficient evidence to support the duty and penalty demands. The Tribunal set aside the impugned order, emphasizing the necessity of concrete evidence to substantiate duty demands and penalties, highlighting the importance of moving beyond mere presumptions in such cases. en-us Fri, 21 Apr 2017 00:00:00 +0530 Tue, 09 May 2017 07:42:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342650 The appeal by the Revenue challenging the reduction of penalty under Section 11 AC was dismissed. The case involved a respondent-assessee availing Cenvat credit on raw material, with a shortage of inputs and finished goods detected. Despite the presumption of clandestine activity, the Tribunal found insufficient evidence to support the duty and penalty demands. The Tribunal set aside the impugned order, emphasizing the necessity of concrete evidence to substantiate duty demands and penalties, highlighting the importance of moving beyond mere presumptions in such cases. Case-Laws Central Excise Fri, 21 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342650