https://www.taxtmi.com/caselaws?id=116034 Processed fabrics were held not liable to duty on an undervaluation theory where actual purchase invoices for grey fabrics were available and the recipe book weights were only estimated averages. The allegation of clandestine removal in the guise of grey return also failed because the relied-upon records and statements did not provide reliable corroboration, and processed fabrics could not be mechanically matched with grey fabrics by weight alone. With the substantive charges unproved, denial of deemed Modvat credit, penalties, interest, confiscation and redemption fine had no surviving basis and were set aside. en-us Fri, 03 Jun 2005 00:00:00 +0530 Wed, 06 Jun 2012 16:29:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116034 Processed fabrics were held not liable to duty on an undervaluation theory where actual purchase invoices for grey fabrics were available and the recipe book weights were only estimated averages. The allegation of clandestine removal in the guise of grey return also failed because the relied-upon records and statements did not provide reliable corroboration, and processed fabrics could not be mechanically matched with grey fabrics by weight alone. With the substantive charges unproved, denial of deemed Modvat credit, penalties, interest, confiscation and redemption fine had no surviving basis and were set aside. Case-Laws Central Excise Fri, 03 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116034