https://www.taxtmi.com/caselaws?id=34426 The Tribunal's finding that the transactions were not bogus was based on appreciation of evidence, including a vague statement recorded under Section 14 of the Central Excise Act, 1944 that did not amount to a specific admission that the invoices were false. The Revenue also failed to rebut the assessee's explanation that no invoice covered quantities above the stated threshold and that copper rods were supplied to job workers for conversion. On that factual material, the allegation of bogus transactions was unproved, leaving no basis for penal consequences. No substantial question of law arose, and invocation of Section 11AC of the Central Excise Act, 1944 and Rule 173Q of the Central Excise Rules, 1944 was held unjustified. en-us Tue, 06 Jan 2009 00:00:00 +0530 Sat, 29 Aug 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34426 The Tribunal's finding that the transactions were not bogus was based on appreciation of evidence, including a vague statement recorded under Section 14 of the Central Excise Act, 1944 that did not amount to a specific admission that the invoices were false. The Revenue also failed to rebut the assessee's explanation that no invoice covered quantities above the stated threshold and that copper rods were supplied to job workers for conversion. On that factual material, the allegation of bogus transactions was unproved, leaving no basis for penal consequences. No substantial question of law arose, and invocation of Section 11AC of the Central Excise Act, 1944 and Rule 173Q of the Central Excise Rules, 1944 was held unjustified. Case-Laws Central Excise Tue, 06 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34426