https://www.taxtmi.com/caselaws?id=756236 CESTAT Chennai set aside the order alleging clandestine removal of CTD bars and TMT rods by appellants. The tribunal found seized cash was explained as advance from another agency, supported by employee statements, not proceeds from alleged clandestine sales. Regarding excess supply claims to a trader, the department failed to establish the trader's records contained appellant's name or any corroborative evidence. Employee statements were later retracted without supporting documentation. The tribunal concluded the department failed to prove clandestine removal or sales, setting aside penalties and interest charges. Appeal allowed. en-us Tue, 30 Jul 2024 00:00:00 +0530 Wed, 31 Jul 2024 08:35:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756236 CESTAT Chennai set aside the order alleging clandestine removal of CTD bars and TMT rods by appellants. The tribunal found seized cash was explained as advance from another agency, supported by employee statements, not proceeds from alleged clandestine sales. Regarding excess supply claims to a trader, the department failed to establish the trader's records contained appellant's name or any corroborative evidence. Employee statements were later retracted without supporting documentation. The tribunal concluded the department failed to prove clandestine removal or sales, setting aside penalties and interest charges. Appeal allowed. Case-Laws Central Excise Tue, 30 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756236