https://www.taxtmi.com/caselaws?id=46306 The High Court upheld the Tribunal's decision in a case involving alleged misuse of exemption benefits by a manufacturer of woollen worsted yarn. The Court found that the Revenue's reliance on witness statements without cross-examination was insufficient to sustain the duty demand and penalty under Section 11AC of the Central Excise Act, 1944. The Court emphasized the lack of corroborative evidence, absence of seized cones of yarn, and discrepancies in invoices. The High Court dismissed the Revenue's petition, concluding that prolonging the case without substantial evidence challenging the Tribunal's findings would serve no purpose. en-us Wed, 08 May 2002 00:00:00 +0530 Sat, 17 Jul 2010 11:05:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=46306 The High Court upheld the Tribunal's decision in a case involving alleged misuse of exemption benefits by a manufacturer of woollen worsted yarn. The Court found that the Revenue's reliance on witness statements without cross-examination was insufficient to sustain the duty demand and penalty under Section 11AC of the Central Excise Act, 1944. The Court emphasized the lack of corroborative evidence, absence of seized cones of yarn, and discrepancies in invoices. The High Court dismissed the Revenue's petition, concluding that prolonging the case without substantial evidence challenging the Tribunal's findings would serve no purpose. Case-Laws Central Excise Wed, 08 May 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=46306