https://www.taxtmi.com/caselaws?id=360410 The Tribunal allowed the appeal of the conoticee in a Central Excise duty evasion case, setting aside the penalty of Rs. 28.35 crores imposed on the conoticee. The Tribunal found discrepancies in the evidence presented by the Revenue, particularly regarding ownership of assets and lack of concrete evidence. The reliance on co-accused statements without allowing cross-examination was deemed insufficient to establish guilt. The lack of substantiated evidence and retractions by the main noticee led to the dismissal of allegations against the conoticee. en-us Tue, 08 May 2018 00:00:00 +0530 Thu, 17 May 2018 05:53:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360410 The Tribunal allowed the appeal of the conoticee in a Central Excise duty evasion case, setting aside the penalty of Rs. 28.35 crores imposed on the conoticee. The Tribunal found discrepancies in the evidence presented by the Revenue, particularly regarding ownership of assets and lack of concrete evidence. The reliance on co-accused statements without allowing cross-examination was deemed insufficient to establish guilt. The lack of substantiated evidence and retractions by the main noticee led to the dismissal of allegations against the conoticee. Case-Laws Central Excise Tue, 08 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360410