https://www.taxtmi.com/caselaws?id=86542 Replacement clearances were held dutiable where the assessee could not account for all returned or scrapped goods and the records did not rebut the inference of substitution by new goods. The maintenance of entries merely showing goods as "despatched" was treated as misleading and sufficient to establish suppression of facts, so the extended period of limitation was upheld and the duty demand sustained. The penalty, however, was reduced because duty had been paid before adjudication, warranting some leniency in quantum. en-us Thu, 09 Jan 1997 00:00:00 +0530 Thu, 25 Aug 2011 14:56:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=86542 Replacement clearances were held dutiable where the assessee could not account for all returned or scrapped goods and the records did not rebut the inference of substitution by new goods. The maintenance of entries merely showing goods as "despatched" was treated as misleading and sufficient to establish suppression of facts, so the extended period of limitation was upheld and the duty demand sustained. The penalty, however, was reduced because duty had been paid before adjudication, warranting some leniency in quantum. Case-Laws Central Excise Thu, 09 Jan 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=86542