https://www.taxtmi.com/caselaws?id=763157 CESTAT Kolkata upheld duty demand of Rs.5,68,101/- for undervaluation of goods cleared to nonexistent dealers after Delhi Commissionerate verification confirmed their nonexistence. Penalty equal to duty was sustained for value suppression. Demands of Rs.27,92,810/- and Rs.50,95,061/- for denial of notification 10/96-CE benefit were set aside and remanded for proportional denial only for traded goods value. Demand of Rs.53,38,184/- for alleged clandestine removal of Fatty Acid was rejected due to lack of tangible evidence and reliance on assumptions. Penalties on company directors were reduced from Rs.1,00,000/- to Rs.50,000/- each considering proportionate offence committed. en-us Fri, 13 Dec 2024 00:00:00 +0530 Fri, 13 Dec 2024 12:36:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763157 CESTAT Kolkata upheld duty demand of Rs.5,68,101/- for undervaluation of goods cleared to nonexistent dealers after Delhi Commissionerate verification confirmed their nonexistence. Penalty equal to duty was sustained for value suppression. Demands of Rs.27,92,810/- and Rs.50,95,061/- for denial of notification 10/96-CE benefit were set aside and remanded for proportional denial only for traded goods value. Demand of Rs.53,38,184/- for alleged clandestine removal of Fatty Acid was rejected due to lack of tangible evidence and reliance on assumptions. Penalties on company directors were reduced from Rs.1,00,000/- to Rs.50,000/- each considering proportionate offence committed. Case-Laws Central Excise Fri, 13 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763157