https://www.taxtmi.com/caselaws?id=756444 CESTAT Allahabad set aside demands based on electricity consumption for clandestine removal of M.S. Ingots and risers/runners, ruling that electricity consumption alone cannot establish duty liability without corroborative evidence of unaccounted raw materials, transportation, or finished goods. However, the tribunal confirmed demands totaling Rs. 23,70,863 plus education cess and penalties based on ledger pages and documents recovered from director's briefcase, as the director accepted these transactions in his statement. Demands for alleged raw material shortage and inadmissible Cenvat credit on scrap receipts were also set aside due to insufficient evidence and procedural deficiencies. en-us Tue, 30 Jul 2024 00:00:00 +0530 Sat, 03 Aug 2024 08:08:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756444 CESTAT Allahabad set aside demands based on electricity consumption for clandestine removal of M.S. Ingots and risers/runners, ruling that electricity consumption alone cannot establish duty liability without corroborative evidence of unaccounted raw materials, transportation, or finished goods. However, the tribunal confirmed demands totaling Rs. 23,70,863 plus education cess and penalties based on ledger pages and documents recovered from director's briefcase, as the director accepted these transactions in his statement. Demands for alleged raw material shortage and inadmissible Cenvat credit on scrap receipts were also set aside due to insufficient evidence and procedural deficiencies. Case-Laws Central Excise Tue, 30 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756444