https://www.taxtmi.com/caselaws?id=117651 Clandestine removal and undervaluation supported by seized documents, statements of the Managing Director and corroboration from a dealer were treated as sufficient to justify invocation of the extended limitation period, and the demand was sustained in principle. Duty liability was maintained, but the computation was found incomplete because admissible deductions, including freight, excise duty, sales tax and Modvat credit, had not been fully examined on proper evidence. The penalty equal to duty was considered excessive on the existing record and required revision after recomputation, while interest liability was upheld. en-us Wed, 01 Feb 2006 00:00:00 +0530 Mon, 25 Jun 2012 15:39:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117651 Clandestine removal and undervaluation supported by seized documents, statements of the Managing Director and corroboration from a dealer were treated as sufficient to justify invocation of the extended limitation period, and the demand was sustained in principle. Duty liability was maintained, but the computation was found incomplete because admissible deductions, including freight, excise duty, sales tax and Modvat credit, had not been fully examined on proper evidence. The penalty equal to duty was considered excessive on the existing record and required revision after recomputation, while interest liability was upheld. Case-Laws Central Excise Wed, 01 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117651