https://www.taxtmi.com/caselaws?id=83900 Estimated production based on electricity consumption, without seizure of goods, private records, or other direct evidence of clandestine removal, was held insufficient to sustain a duty demand; the demand on suppressed production was therefore set aside. Failure to maintain proper statutory records of finished goods and raw materials, coupled with an unsatisfactory explanation for discrepancies and shortages, was nevertheless treated as proved, and penalty was sustained as reasonable. The document thus states that clandestine removal cannot be inferred from stock discrepancies or estimated output alone, but non-maintenance of true and proper accounts can independently attract penalty. en-us Mon, 09 Jan 1995 00:00:00 +0530 Mon, 18 Jul 2011 15:42:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=83900 Estimated production based on electricity consumption, without seizure of goods, private records, or other direct evidence of clandestine removal, was held insufficient to sustain a duty demand; the demand on suppressed production was therefore set aside. Failure to maintain proper statutory records of finished goods and raw materials, coupled with an unsatisfactory explanation for discrepancies and shortages, was nevertheless treated as proved, and penalty was sustained as reasonable. The document thus states that clandestine removal cannot be inferred from stock discrepancies or estimated output alone, but non-maintenance of true and proper accounts can independently attract penalty. Case-Laws Central Excise Mon, 09 Jan 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=83900