https://www.taxtmi.com/caselaws?id=53588 The Tribunal concluded that the Revenue failed to substantiate the allegations of clandestine manufacture and removal of excisable goods by the appellants, leading to the setting aside of the duty demand for clandestine removal and undervaluation. However, the Tribunal upheld the duty demand of Rs. 1,59,206/- for the shortage of MS Ingots found on the premises. The penalty on the appellant-company was reduced to Rs. 20,000/-, while penalties on other appellants were dismissed. The Tribunal emphasized the lack of corroborative evidence and the inadmissibility of retracted statements without supporting material facts. en-us Thu, 28 Oct 2004 00:00:00 +0530 Mon, 24 Jun 2024 11:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53588 The Tribunal concluded that the Revenue failed to substantiate the allegations of clandestine manufacture and removal of excisable goods by the appellants, leading to the setting aside of the duty demand for clandestine removal and undervaluation. However, the Tribunal upheld the duty demand of Rs. 1,59,206/- for the shortage of MS Ingots found on the premises. The penalty on the appellant-company was reduced to Rs. 20,000/-, while penalties on other appellants were dismissed. The Tribunal emphasized the lack of corroborative evidence and the inadmissibility of retracted statements without supporting material facts. Case-Laws Central Excise Thu, 28 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53588