https://www.taxtmi.com/caselaws?id=365319 The appeal before the Appellate Tribunal CESTAT NEW DELHI regarding the demand of Central Excise Duty on M/s Maa Banjari Ispat Ltd. for clandestine removal of MS ingots and penalty on the director, Shri Dilip Agarwal, was successful. The tribunal found the evidence based on diary entries and third-party statements lacking in corroborative evidence to establish clandestine removal conclusively. Relying solely on third-party records was deemed insufficient, leading to the setting aside of the impugned order and the revocation of the penalty imposed on Shri Dilip Agarwal. The judgment underscored the necessity of substantial evidence in such cases for a fair legal process. en-us Fri, 10 Aug 2018 00:00:00 +0530 Thu, 16 Aug 2018 07:07:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365319 The appeal before the Appellate Tribunal CESTAT NEW DELHI regarding the demand of Central Excise Duty on M/s Maa Banjari Ispat Ltd. for clandestine removal of MS ingots and penalty on the director, Shri Dilip Agarwal, was successful. The tribunal found the evidence based on diary entries and third-party statements lacking in corroborative evidence to establish clandestine removal conclusively. Relying solely on third-party records was deemed insufficient, leading to the setting aside of the impugned order and the revocation of the penalty imposed on Shri Dilip Agarwal. The judgment underscored the necessity of substantial evidence in such cases for a fair legal process. Case-Laws Central Excise Fri, 10 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365319