https://www.taxtmi.com/caselaws?id=753139 The Calcutta HC dismissed an appeal challenging penalty imposed under Rule 26 of Central Excise Rules, 2002 for clandestine removal of wire rods. The appellant purchased goods without duty-paid invoices from another company, as evidenced by computerized ledgers and voluntary statements. The HC found the case factually distinguishable from a similar Tribunal decision cited by appellant. The proprietor's statement was deemed admissible as retraction came after three years and nine months. The court held no substantial question of law arose, affirming the penalty imposed by lower authorities. en-us Fri, 24 May 2024 00:00:00 +0530 Sat, 25 May 2024 10:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753139 The Calcutta HC dismissed an appeal challenging penalty imposed under Rule 26 of Central Excise Rules, 2002 for clandestine removal of wire rods. The appellant purchased goods without duty-paid invoices from another company, as evidenced by computerized ledgers and voluntary statements. The HC found the case factually distinguishable from a similar Tribunal decision cited by appellant. The proprietor's statement was deemed admissible as retraction came after three years and nine months. The court held no substantial question of law arose, affirming the penalty imposed by lower authorities. Case-Laws Central Excise Fri, 24 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753139