https://www.taxtmi.com/caselaws?id=441367 The Tribunal upheld the confiscation of excess Master Batch but did not impose a penalty due to no Cenvat credit taken. Discrepancies in Balance Sheet and ER-1 returns were resolved with correction certificates, no evidence of clandestine clearance. Duty demand based on 14 cash memos was paid, no penalty imposed. Penalties on Director and Authorized Representative were set aside as their involvement was not proven. The Tribunal set aside most demands, upheld confiscation and redemption fine for excess Master Batch, and dismissed penalties on the Director and Authorized Representative. en-us Mon, 07 Aug 2023 00:00:00 +0530 Tue, 08 Aug 2023 07:26:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441367 The Tribunal upheld the confiscation of excess Master Batch but did not impose a penalty due to no Cenvat credit taken. Discrepancies in Balance Sheet and ER-1 returns were resolved with correction certificates, no evidence of clandestine clearance. Duty demand based on 14 cash memos was paid, no penalty imposed. Penalties on Director and Authorized Representative were set aside as their involvement was not proven. The Tribunal set aside most demands, upheld confiscation and redemption fine for excess Master Batch, and dismissed penalties on the Director and Authorized Representative. Case-Laws Central Excise Mon, 07 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441367