https://www.taxtmi.com/caselaws?id=359626 The appeal of M/s Vraj Packaging Pvt. Ltd. was partly allowed, while the appeal of the Managing Director, Shri S.K. Babaria, was rejected. The Tribunal confirmed the demand and penalties imposed on the company, emphasizing the reliance on statements made during the panchanama where employees and buyers admitted to clearing bags as waste and making excess cash payments. The Tribunal extended the option to pay 25% of the penalty in accordance with the Central Excise Act. en-us Mon, 05 Feb 2018 00:00:00 +0530 Thu, 03 May 2018 06:31:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359626 The appeal of M/s Vraj Packaging Pvt. Ltd. was partly allowed, while the appeal of the Managing Director, Shri S.K. Babaria, was rejected. The Tribunal confirmed the demand and penalties imposed on the company, emphasizing the reliance on statements made during the panchanama where employees and buyers admitted to clearing bags as waste and making excess cash payments. The Tribunal extended the option to pay 25% of the penalty in accordance with the Central Excise Act. Case-Laws Central Excise Mon, 05 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359626