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2017 (12) TMI 1368 - AT - Central ExciseClandestine removal - 249.90 MT of ingot - submission of the appellant is that the demand cannot be confirmed on the appellant only on the basis of 3rd party documents - Held that: - it is clear that the entire quantum of ingots figuring in the records of M/s. Allianz have been admitted to have been received in the premises in the appellant. It is settled position of law what is admitted is not required to be proved with mathematical precision. The penalty of ₹ 10 lakh imposed on Sunil Bansal, Director under Rule 26 is on the higher side, Penalty reduced to 50% - appeal allowed in part.
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