https://www.taxtmi.com/caselaws?id=427616 A penalty imposed for alleged misuse of an exemption scheme for cross reel hank yarn was restored where the Tribunal was found to have ignored material evidence. The Court noted that the adjudicating authority had recorded that the yarn was sold to private traders, the respondent acted only as a commission agent, and the handloom-use certificates were not based on independent verification. By relying on a truncated reading of the notification and failing to address these findings, the Tribunal's interference was held unsustainable and perverse. The revenue's appeal succeeded, and the penalty was reinstated in substance. en-us Fri, 09 Sep 2022 00:00:00 +0530 Wed, 21 Jan 2026 13:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427616 A penalty imposed for alleged misuse of an exemption scheme for cross reel hank yarn was restored where the Tribunal was found to have ignored material evidence. The Court noted that the adjudicating authority had recorded that the yarn was sold to private traders, the respondent acted only as a commission agent, and the handloom-use certificates were not based on independent verification. By relying on a truncated reading of the notification and failing to address these findings, the Tribunal's interference was held unsustainable and perverse. The revenue's appeal succeeded, and the penalty was reinstated in substance. Case-Laws Central Excise Fri, 09 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427616