https://www.taxtmi.com/caselaws?id=364695 The appellate tribunal confirmed a penalty of Rs. 10,000 against the appellant, a broker in iron and steel products, for alleged suppression of production and clandestine removal of MS Ingots. However, the tribunal dropped the penalty related to excess electricity consumption. The tribunal found that the demand was not adequately supported by corroborative evidence and cited a Supreme Court decision to uphold the reduction in the demand. Additionally, the tribunal set aside the penalty related to clandestine removal due to lack of cogent evidence directly linking the appellant to the manufacturer's actions, ultimately allowing the appeal. en-us Tue, 31 Jul 2018 00:00:00 +0530 Fri, 03 Aug 2018 08:32:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364695 The appellate tribunal confirmed a penalty of Rs. 10,000 against the appellant, a broker in iron and steel products, for alleged suppression of production and clandestine removal of MS Ingots. However, the tribunal dropped the penalty related to excess electricity consumption. The tribunal found that the demand was not adequately supported by corroborative evidence and cited a Supreme Court decision to uphold the reduction in the demand. Additionally, the tribunal set aside the penalty related to clandestine removal due to lack of cogent evidence directly linking the appellant to the manufacturer's actions, ultimately allowing the appeal. Case-Laws Central Excise Tue, 31 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364695