https://www.taxtmi.com/caselaws?id=373203 The Tribunal set aside the demand of Rs. 3,39,36,175/- against M/s Hanukripa Ispat Pvt. Limited due to lack of concrete evidence. The demand of Rs. 25,71,244/- for unaccounted raw materials was upheld along with interest and penalty. The demand of Rs. 14,24,796/- for shortages detected during stock-taking was also upheld along with confiscation and redemption fine. Penalties on the Directors were reduced to Rs. 5 lakhs each. The demand of Rs. 1,76,125/- against M/s Rooplaxmi Industries India Pvt. Ltd. was set aside due to lack of corroborative evidence. en-us Fri, 21 Dec 2018 00:00:00 +0530 Wed, 09 Jan 2019 06:43:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373203 The Tribunal set aside the demand of Rs. 3,39,36,175/- against M/s Hanukripa Ispat Pvt. Limited due to lack of concrete evidence. The demand of Rs. 25,71,244/- for unaccounted raw materials was upheld along with interest and penalty. The demand of Rs. 14,24,796/- for shortages detected during stock-taking was also upheld along with confiscation and redemption fine. Penalties on the Directors were reduced to Rs. 5 lakhs each. The demand of Rs. 1,76,125/- against M/s Rooplaxmi Industries India Pvt. Ltd. was set aside due to lack of corroborative evidence. Case-Laws Central Excise Fri, 21 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373203