https://www.taxtmi.com/caselaws?id=95332 An un-retracted admission of clandestine removal, supported by stock shortage and non-accountal of raw materials, was sufficient to sustain the duty demand and penalty under Section 11AC. The admitted consumption of kraft paper in manufacture of goods cleared without payment of duty, together with voluntary duty payment, confirmed the suppression and justified the penalty. Confiscation of excess goods was also upheld because the assessee had availed input credit and failed to account for the materials properly in statutory records. The reduced redemption fine and penalties were found proportionate to the value of the goods and the surrounding circumstances. en-us Fri, 15 Dec 2000 00:00:00 +0530 Sat, 10 Dec 2011 12:50:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=95332 An un-retracted admission of clandestine removal, supported by stock shortage and non-accountal of raw materials, was sufficient to sustain the duty demand and penalty under Section 11AC. The admitted consumption of kraft paper in manufacture of goods cleared without payment of duty, together with voluntary duty payment, confirmed the suppression and justified the penalty. Confiscation of excess goods was also upheld because the assessee had availed input credit and failed to account for the materials properly in statutory records. The reduced redemption fine and penalties were found proportionate to the value of the goods and the surrounding circumstances. Case-Laws Central Excise Fri, 15 Dec 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=95332