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2018 (2) TMI 360 - AT - Central ExciseClandestine removal - excesses of raw material and finished goods - personal penalty u/r 26 of CER, 2002 on co-noticees - Held that: - Revenue has accepted that 21 Co-noticees were innocent - the entire Show Cause Notice for demand of Central Excise duty amounting to ₹ 7,38,84,853/- was based on the statements and the said statements did not stand the scrutiny before the Original Authority - there was no evidence brought forward by Revenue in respect of procurement of raw-materials, engaging labourers, transportation of goods, buyers of the goods and realization of sale proceed in respect of goods alleged to have been clandestinely manufactured and cleared. Demand set aside - appeal dismissed - decided against Revenue.
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