https://www.taxtmi.com/caselaws?id=373080 The Tribunal found that M/s. Rama Industries was not liable to pay central excise duty, interest, and penalty for alleged clandestine removal of goods due to lack of corroborative evidence and unreliable statements. The demand was deemed based on assumptions without substantial proof, leading to the impugned order being set aside and the appeals allowed in favor of the appellants. Penalties imposed on other appellants under Rule 26 were also overturned as the statements lacked substantiation and were retracted without cross-examination, highlighting the importance of reliable evidence in such cases. en-us Thu, 03 Jan 2019 00:00:00 +0530 Mon, 07 Jan 2019 12:18:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373080 The Tribunal found that M/s. Rama Industries was not liable to pay central excise duty, interest, and penalty for alleged clandestine removal of goods due to lack of corroborative evidence and unreliable statements. The demand was deemed based on assumptions without substantial proof, leading to the impugned order being set aside and the appeals allowed in favor of the appellants. Penalties imposed on other appellants under Rule 26 were also overturned as the statements lacked substantiation and were retracted without cross-examination, highlighting the importance of reliable evidence in such cases. Case-Laws Central Excise Thu, 03 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373080