https://www.taxtmi.com/caselaws?id=447374 CESTAT Kolkata partially allowed the appeal against central excise duty demands totaling Rs.85,74,214. The tribunal set aside duty demand of Rs.61,24,002 for alleged clandestine clearance due to lack of evidence. It reduced duty demand of Rs.22,99,672 to Rs.3,02,176 based on reconciled stock shortage of 36.13 MT. Duty demand of Rs.1,50,540 for under-valuation was upheld as undisputed. All penalties under Section 11AC and Rule 26 were set aside, finding no evidence of intentional duty evasion or clandestine clearance. en-us Mon, 11 Dec 2023 00:00:00 +0530 Sat, 23 Dec 2023 13:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447374 CESTAT Kolkata partially allowed the appeal against central excise duty demands totaling Rs.85,74,214. The tribunal set aside duty demand of Rs.61,24,002 for alleged clandestine clearance due to lack of evidence. It reduced duty demand of Rs.22,99,672 to Rs.3,02,176 based on reconciled stock shortage of 36.13 MT. Duty demand of Rs.1,50,540 for under-valuation was upheld as undisputed. All penalties under Section 11AC and Rule 26 were set aside, finding no evidence of intentional duty evasion or clandestine clearance. Case-Laws Central Excise Mon, 11 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447374