https://www.taxtmi.com/caselaws?id=115546 Duty based on entries in private records can be sustained only to the extent those entries are corroborated by reliable evidence; the demand was therefore re-quantified on the corroborated quantity, with abatement from sale price in computing assessable value. Penalty under Section 11AC could not apply for a period before the provision came into force, and a composite penalty imposed without separating liability under distinct provisions was unsustainable; that penalty was set aside. The redemption fines were sustained. en-us Thu, 09 Jun 2005 00:00:00 +0530 Wed, 30 May 2012 17:56:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115546 Duty based on entries in private records can be sustained only to the extent those entries are corroborated by reliable evidence; the demand was therefore re-quantified on the corroborated quantity, with abatement from sale price in computing assessable value. Penalty under Section 11AC could not apply for a period before the provision came into force, and a composite penalty imposed without separating liability under distinct provisions was unsustainable; that penalty was set aside. The redemption fines were sustained. Case-Laws Central Excise Thu, 09 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115546