https://www.taxtmi.com/caselaws?id=100464 Central excise duty demand based on alleged shortages of finished goods and inputs was held unsustainable where the alleged stock verification was not backed by a panchnama or other reliable record, and rough slips or weighment slips were not independently corroborated with the assessee's transactions. The material did not establish clandestine removal, excess consumption, or a dependable basis for duty computation. On the same facts, the extended limitation period and penalties on the assessee and its director were also unjustified because the record did not support wilful suppression or intent to evade duty. The order was therefore set aside and relief followed. en-us Fri, 12 Oct 2001 00:00:00 +0530 Tue, 06 Jan 2026 23:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100464 Central excise duty demand based on alleged shortages of finished goods and inputs was held unsustainable where the alleged stock verification was not backed by a panchnama or other reliable record, and rough slips or weighment slips were not independently corroborated with the assessee's transactions. The material did not establish clandestine removal, excess consumption, or a dependable basis for duty computation. On the same facts, the extended limitation period and penalties on the assessee and its director were also unjustified because the record did not support wilful suppression or intent to evade duty. The order was therefore set aside and relief followed. Case-Laws Central Excise Fri, 12 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100464