https://www.taxtmi.com/caselaws?id=353669 The Tribunal upheld duty recovery on finished goods but exempted raw materials in the case involving a 100% EOU. The penalty on the Director was reinstated, albeit reduced to Rs. 2.0 lakhs, due to evidence of involvement in duty evasion. The judgment emphasized the importance of evidence and proper analysis in determining liability for penalties. The decision showcases the Tribunal's meticulous legal reasoning in addressing the complex issues raised in the appeal. en-us Thu, 05 Oct 2017 00:00:00 +0530 Wed, 10 Jan 2018 08:12:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353669 The Tribunal upheld duty recovery on finished goods but exempted raw materials in the case involving a 100% EOU. The penalty on the Director was reinstated, albeit reduced to Rs. 2.0 lakhs, due to evidence of involvement in duty evasion. The judgment emphasized the importance of evidence and proper analysis in determining liability for penalties. The decision showcases the Tribunal's meticulous legal reasoning in addressing the complex issues raised in the appeal. Case-Laws Central Excise Thu, 05 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353669