https://www.taxtmi.com/caselaws?id=356462 The tribunal ruled in favor of the appellant regarding the denial of Cenvat credit due to lack of corroborative evidence supporting the revenue's claim. However, the tribunal confirmed the demand for clandestine removal of goods based on loose slips found in possession of the director, reducing the penalty by 25% under Section 11AC of the Act. The buyers admitted to paying duty on the received goods despite discrepancies, leading to the adjustment of deposits against duty and interest payable, ultimately disposing of the appeal with these terms. en-us Fri, 05 Jan 2018 00:00:00 +0530 Wed, 07 Mar 2018 08:00:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356462 The tribunal ruled in favor of the appellant regarding the denial of Cenvat credit due to lack of corroborative evidence supporting the revenue's claim. However, the tribunal confirmed the demand for clandestine removal of goods based on loose slips found in possession of the director, reducing the penalty by 25% under Section 11AC of the Act. The buyers admitted to paying duty on the received goods despite discrepancies, leading to the adjustment of deposits against duty and interest payable, ultimately disposing of the appeal with these terms. Case-Laws Central Excise Fri, 05 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356462