https://www.taxtmi.com/caselaws?id=361249 The Tribunal upheld the Central Excise duty demand and penalties imposed on M/s Prakash Industries Limited (PIL) and its employees for clandestine manufacture and removal of sponge iron and finished products. Penalties on transporters were also upheld, while penalties on buyers were set aside. The Tribunal dismissed Revenue's appeals against the reduced duty demand, emphasizing the need for concrete evidence in determining liabilities. en-us Wed, 16 May 2018 00:00:00 +0530 Sun, 03 Jun 2018 00:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361249 The Tribunal upheld the Central Excise duty demand and penalties imposed on M/s Prakash Industries Limited (PIL) and its employees for clandestine manufacture and removal of sponge iron and finished products. Penalties on transporters were also upheld, while penalties on buyers were set aside. The Tribunal dismissed Revenue's appeals against the reduced duty demand, emphasizing the need for concrete evidence in determining liabilities. Case-Laws Central Excise Wed, 16 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361249