https://www.taxtmi.com/caselaws?id=109951 Goods removed from a factory without invoice were treated as liable to duty, and the demand on finished goods worked out from unexplained input shortages was sustained. At the same time, Modvat credit on the corresponding inputs was restored because the related duty demand stood, and penalty and interest under Section 11AC and Section 11AB were not applicable when those provisions were not in force at the material time. Excess unrecorded goods remained liable to confiscation, but confiscation of the truck and liability under Rule 209A were not sustained absent knowledge or reason to believe. Penalties on other noticees were set aside, while the principal penalties were reduced. en-us Wed, 23 Apr 2003 00:00:00 +0530 Fri, 13 Apr 2012 11:45:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109951 Goods removed from a factory without invoice were treated as liable to duty, and the demand on finished goods worked out from unexplained input shortages was sustained. At the same time, Modvat credit on the corresponding inputs was restored because the related duty demand stood, and penalty and interest under Section 11AC and Section 11AB were not applicable when those provisions were not in force at the material time. Excess unrecorded goods remained liable to confiscation, but confiscation of the truck and liability under Rule 209A were not sustained absent knowledge or reason to believe. Penalties on other noticees were set aside, while the principal penalties were reduced. Case-Laws Customs Wed, 23 Apr 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109951