CESTAT dismisses Mittal Corp’s appeal despite CIRP Proceedings, upholds Excise Duty and Penalty for Clandestine Removal of Goods

CESTAT (Customs, Excise, and Service Tax Appellate Tribunal) dismissed Mittal Corp's appeal despite CIRP (Corporate Insolvency Resolution Process) proceedings, upholding excise duty and penalty for "clandestine removal of goods." The tribunal ruled that the initiation of CIRP does not automatically absolve a company from pre-existing tax liabilities or penalties for fraudulent activities like clandestine removal of goods. It affirmed the excise duty demand and penalty, emphasizing that the tax department's dues, if proven, remain enforceable.