https://www.taxtmi.com/caselaws?id=346011 The Tribunal upheld penalties imposed on M/s Rangoli Furnishing (P) ltd. and its Director for excise duty evasion and failure to maintain statutory records. The appellants admitted to clearing goods without invoices or duty payment, and were found with unaccounted stock. They failed to maintain required records, leading to duty demand confirmation. The Director's involvement in clandestine clearances justified penalties. The Tribunal affirmed lower authorities' decisions, emphasizing compliance with Central Excise laws to prevent duty evasion. en-us Thu, 22 Jun 2017 00:00:00 +0530 Sat, 16 Sep 2017 11:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346011 The Tribunal upheld penalties imposed on M/s Rangoli Furnishing (P) ltd. and its Director for excise duty evasion and failure to maintain statutory records. The appellants admitted to clearing goods without invoices or duty payment, and were found with unaccounted stock. They failed to maintain required records, leading to duty demand confirmation. The Director's involvement in clandestine clearances justified penalties. The Tribunal affirmed lower authorities' decisions, emphasizing compliance with Central Excise laws to prevent duty evasion. Case-Laws Central Excise Thu, 22 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346011