https://www.taxtmi.com/caselaws?id=438215 The Tribunal found in favor of the appellants, M/s. Steel Authority of India Ltd., in a case concerning duty demands on differential stock values. The demands were deemed unsustainable due to discrepancies in stock verification methods. The imposition of penalties under Section 11AC was also overturned as lacking evidence of clandestine removal. The Tribunal set aside the demands and penalties, allowing the appeal based on inconsistencies between authorities' parameters and show-cause notices, as well as the absence of concrete proof for penalties. en-us Thu, 25 May 2023 00:00:00 +0530 Thu, 30 Apr 2026 15:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438215 The Tribunal found in favor of the appellants, M/s. Steel Authority of India Ltd., in a case concerning duty demands on differential stock values. The demands were deemed unsustainable due to discrepancies in stock verification methods. The imposition of penalties under Section 11AC was also overturned as lacking evidence of clandestine removal. The Tribunal set aside the demands and penalties, allowing the appeal based on inconsistencies between authorities' parameters and show-cause notices, as well as the absence of concrete proof for penalties. Case-Laws Central Excise Thu, 25 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438215