https://www.taxtmi.com/caselaws?id=99320 In a clandestine clearance dispute, duty demand based on recovered road challans was sustained only to the extent that the assessee could not correlate later excise invoices and customer records; the balance demand was set aside. The decision also held that Modvat credit on inputs used in manufacture had to be adjusted against the confirmed duty on the final product, even though some inputs were found short at inspection. On penalty, remand for fresh quantification was found unnecessary, the penalty was fixed at a reduced amount, and a direction to impose personal penalty on a partner was set aside because no such penalty had been imposed originally and there was no revenue appeal. en-us Fri, 24 Nov 2000 00:00:00 +0530 Wed, 25 Jan 2012 18:37:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99320 In a clandestine clearance dispute, duty demand based on recovered road challans was sustained only to the extent that the assessee could not correlate later excise invoices and customer records; the balance demand was set aside. The decision also held that Modvat credit on inputs used in manufacture had to be adjusted against the confirmed duty on the final product, even though some inputs were found short at inspection. On penalty, remand for fresh quantification was found unnecessary, the penalty was fixed at a reduced amount, and a direction to impose personal penalty on a partner was set aside because no such penalty had been imposed originally and there was no revenue appeal. Case-Laws Central Excise Fri, 24 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99320