https://www.taxtmi.com/caselaws?id=107328 Confiscation of unaccounted raw materials under Rule 173Q was not justified where no Modvat credit had been taken on the disputed inputs and the record did not support an assumed intention to substitute goods. The duty demand and equal penalty based on alleged replacement of prime quality granules with low grade granules also failed, because the notice and order relied on vague references to private records without identifying them or producing concrete proof. On the facts stated, the findings rested on presumption rather than evidence, and the impugned order was wholly unsustainable. en-us Fri, 23 Aug 2002 00:00:00 +0530 Wed, 21 Mar 2012 16:17:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107328 Confiscation of unaccounted raw materials under Rule 173Q was not justified where no Modvat credit had been taken on the disputed inputs and the record did not support an assumed intention to substitute goods. The duty demand and equal penalty based on alleged replacement of prime quality granules with low grade granules also failed, because the notice and order relied on vague references to private records without identifying them or producing concrete proof. On the facts stated, the findings rested on presumption rather than evidence, and the impugned order was wholly unsustainable. Case-Laws Central Excise Fri, 23 Aug 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107328