2002 (4) TMI 857 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Chennai upheld the Commissioner's decision that demands cannot be confirmed based solely on a bank statement for seeking a loan. The Tribunal emphasized the need for cogent evidence to confirm demands for clandestine clearance of goods. The Tribunal rejected the Revenue's appeal as there was no evidence of manufacturing and clearance of final products, and demands cannot be confirmed without a proper show cause notice. The judgment was based on legal principles established in previous cases.