https://www.taxtmi.com/highlights?id=93809 CESTAT allowed the appeal and set aside the impugned demand and penalties. The Tribunal held that the duty liability and clandestine removal allegations rested solely on retracted statements, rough private diary entries and other private documents seized during search, none of which constituted admissible or corroborative evidence of manufacture and clearance. The appellant-company's input-output ratio was undisputed and there was no evidence showing receipt of the alleged additional 1,965 MT of raw material. Consequently the confirmed excise demand was unsustainable and annulled; penalty under Rule 25 read with s.11AC and penalties against the individual directors under Rule 26 were also set aside. en-us Mon, 03 Nov 2025 08:13:54 +0530 Mon, 03 Nov 2025 08:13:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=93809 CESTAT allowed the appeal and set aside the impugned demand and penalties. The Tribunal held that the duty liability and clandestine removal allegations rested solely on retracted statements, rough private diary entries and other private documents seized during search, none of which constituted admissible or corroborative evidence of manufacture and clearance. The appellant-company's input-output ratio was undisputed and there was no evidence showing receipt of the alleged additional 1,965 MT of raw material. Consequently the confirmed excise demand was unsustainable and annulled; penalty under Rule 25 read with s.11AC and penalties against the individual directors under Rule 26 were also set aside. Highlights Central Excise Mon, 03 Nov 2025 08:13:54 +0530 https://www.taxtmi.com/highlights?id=93809