https://www.taxtmi.com/caselaws?id=100355 Clandestine receipt of raw material and clandestine manufacture and clearance of copper wire rods were not proved where the Revenue relied mainly on slip pads, loose papers, a register and a supervisor's statement that was not tested by cross-examination, was vague on authorship and contents, and was not corroborated by other employees or independent evidence; the retracted director's statements were likewise unsupported by supplier or buyer statements, excess electricity data, or recovery of unaccounted stock. The allegation therefore failed. Penalty under Section 11AC of the Central Excise Act was also not sustainable for a period preceding its introduction, as a penal provision cannot operate retrospectively. The duty demand and penalties were set aside. en-us Mon, 23 Jul 2001 00:00:00 +0530 Wed, 01 Feb 2012 11:12:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100355 Clandestine receipt of raw material and clandestine manufacture and clearance of copper wire rods were not proved where the Revenue relied mainly on slip pads, loose papers, a register and a supervisor's statement that was not tested by cross-examination, was vague on authorship and contents, and was not corroborated by other employees or independent evidence; the retracted director's statements were likewise unsupported by supplier or buyer statements, excess electricity data, or recovery of unaccounted stock. The allegation therefore failed. Penalty under Section 11AC of the Central Excise Act was also not sustainable for a period preceding its introduction, as a penal provision cannot operate retrospectively. The duty demand and penalties were set aside. Case-Laws Central Excise Mon, 23 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100355