https://www.taxtmi.com/caselaws?id=369564 The Appellate Tribunal CESTAT New Delhi allowed the appeal filed by a broker/commission agent in the iron and steel industry, overturning the demand for Central Excise duty amounting to &8377; 76,52,542/- along with interest and penalty. The Tribunal found that the Department's case lacked sufficient corroborative evidence linking the appellant to the alleged clandestine removal of MS ingots, emphasizing that third-party records alone are insufficient to establish evasion. While confirming the dropping of a portion of the initial demand, the Tribunal set aside the duty evasion demand due to the lack of concrete evidence, highlighting the necessity of substantial proof in such cases. en-us Mon, 15 Oct 2018 00:00:00 +0530 Wed, 31 Oct 2018 10:06:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369564 The Appellate Tribunal CESTAT New Delhi allowed the appeal filed by a broker/commission agent in the iron and steel industry, overturning the demand for Central Excise duty amounting to &8377; 76,52,542/- along with interest and penalty. The Tribunal found that the Department's case lacked sufficient corroborative evidence linking the appellant to the alleged clandestine removal of MS ingots, emphasizing that third-party records alone are insufficient to establish evasion. While confirming the dropping of a portion of the initial demand, the Tribunal set aside the duty evasion demand due to the lack of concrete evidence, highlighting the necessity of substantial proof in such cases. Case-Laws Central Excise Mon, 15 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369564