https://www.taxtmi.com/caselaws?id=449282 The Tribunal allowed the appeals of the former directors of M/s. Vijaya Sponge & Ispat Pvt. Ltd., setting aside the penalties of Rs.10.00 Lakhs each imposed for alleged clandestine removal of goods. It found no evidence of their involvement post-resignation and emphasized that penalties under Rule 26 require specific evidence of intentional evasion. The decision was based on the lack of corroborative evidence and the timing of the investigation. The appellants were granted any consequential relief. en-us Thu, 08 Feb 2024 00:00:00 +0530 Fri, 09 Feb 2024 07:20:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449282 The Tribunal allowed the appeals of the former directors of M/s. Vijaya Sponge & Ispat Pvt. Ltd., setting aside the penalties of Rs.10.00 Lakhs each imposed for alleged clandestine removal of goods. It found no evidence of their involvement post-resignation and emphasized that penalties under Rule 26 require specific evidence of intentional evasion. The decision was based on the lack of corroborative evidence and the timing of the investigation. The appellants were granted any consequential relief. Case-Laws Central Excise Thu, 08 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449282