https://www.taxtmi.com/caselaws?id=374679 The Tribunal set aside the penalty imposed on M/s SJS Polymers under rule 26 of Central Excise Rules, 2002, amounting to &8377;87,08,253/- due to lack of substantial evidence. The penalty was annulled based on insufficient proof against the appellant, misinterpretation of the law on penalty imposition for partnership firms, absence of evidence on non-receipt of goods, and reliance on retracted statements without proper corroboration. The proceedings were deemed unlawful, leading to the decision to allow the appeal and overturn the penalty. en-us Thu, 27 Dec 2018 00:00:00 +0530 Thu, 07 Feb 2019 13:32:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374679 The Tribunal set aside the penalty imposed on M/s SJS Polymers under rule 26 of Central Excise Rules, 2002, amounting to &8377;87,08,253/- due to lack of substantial evidence. The penalty was annulled based on insufficient proof against the appellant, misinterpretation of the law on penalty imposition for partnership firms, absence of evidence on non-receipt of goods, and reliance on retracted statements without proper corroboration. The proceedings were deemed unlawful, leading to the decision to allow the appeal and overturn the penalty. Case-Laws Central Excise Thu, 27 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374679