https://www.taxtmi.com/caselaws?id=108281 A demand for duty and penalties based on alleged clandestine receipt of raw material, clandestine manufacture and removal could not be sustained where the Revenue relied only on a retracted, inconsistent and uncross-examined statement and private diary entries. The record lacked independent corroboration such as recovery of goods, excess electricity use, excess raw material procurement, excess labour, or other incriminating documents, and the bill discounting records did not prove actual movement of goods. The evidence was held to have no legal value, so the demand and penalties were set aside and the assessee obtained consequential relief. en-us Fri, 27 Sep 2002 00:00:00 +0530 Fri, 30 Mar 2012 17:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108281 A demand for duty and penalties based on alleged clandestine receipt of raw material, clandestine manufacture and removal could not be sustained where the Revenue relied only on a retracted, inconsistent and uncross-examined statement and private diary entries. The record lacked independent corroboration such as recovery of goods, excess electricity use, excess raw material procurement, excess labour, or other incriminating documents, and the bill discounting records did not prove actual movement of goods. The evidence was held to have no legal value, so the demand and penalties were set aside and the assessee obtained consequential relief. Case-Laws Central Excise Fri, 27 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108281