https://www.taxtmi.com/caselaws?id=105501 Private registers showing sales and stock entries may support a finding of clandestine clearances when the assessee cannot credibly explain them or correlate them to mere tentative orders; the document states that duty demand was sustained on that basis. Where inputs on which Modvat credit was taken are found short and the shortage is unexplained, the corresponding credit can be recovered. It also notes that confiscation of excess goods and personal penalty on an authorised signatory require strict compliance with the applicable rules, and those consequences were not sustainable where the necessary rule conditions were not satisfied. en-us Wed, 21 Nov 2001 00:00:00 +0530 Mon, 05 Mar 2012 18:23:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105501 Private registers showing sales and stock entries may support a finding of clandestine clearances when the assessee cannot credibly explain them or correlate them to mere tentative orders; the document states that duty demand was sustained on that basis. Where inputs on which Modvat credit was taken are found short and the shortage is unexplained, the corresponding credit can be recovered. It also notes that confiscation of excess goods and personal penalty on an authorised signatory require strict compliance with the applicable rules, and those consequences were not sustainable where the necessary rule conditions were not satisfied. Case-Laws Central Excise Wed, 21 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105501