https://www.taxtmi.com/caselaws?id=380558 The Tribunal found the duty demand confirmation against M/s Shreyans Industries Ltd. unsustainable due to lack of evidence and procedural violations, setting aside a demand of &8377; 33,27,521/-. However, an admitted demand of &8377; 5,64,611/- was confirmed, with penalties reduced based on individual roles and responsibilities. Penalties imposed on various individuals and entities were adjusted considering the evidence and involvement in the alleged activities, ensuring fair penalty imposition. The Tribunal scrutinized knowledge and involvement of individuals, setting unsustainable penalties where lack of awareness was established. Admissibility of evidence and statements played a crucial role in penalty imposition, with penalties tailored to individual culpability. en-us Wed, 22 May 2019 00:00:00 +0530 Thu, 23 May 2019 13:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380558 The Tribunal found the duty demand confirmation against M/s Shreyans Industries Ltd. unsustainable due to lack of evidence and procedural violations, setting aside a demand of &8377; 33,27,521/-. However, an admitted demand of &8377; 5,64,611/- was confirmed, with penalties reduced based on individual roles and responsibilities. Penalties imposed on various individuals and entities were adjusted considering the evidence and involvement in the alleged activities, ensuring fair penalty imposition. The Tribunal scrutinized knowledge and involvement of individuals, setting unsustainable penalties where lack of awareness was established. Admissibility of evidence and statements played a crucial role in penalty imposition, with penalties tailored to individual culpability. Case-Laws Central Excise Wed, 22 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380558