https://www.taxtmi.com/caselaws?id=118686 Central excise demand and penalty for alleged shortage of inputs and clandestine removal cannot be sustained on mere presumption or uncorroborated statements when statutory records are maintained and no positive evidence is produced. The allegation was weakened by a retracted statement, the absence of any shortage or excess in finished goods, and the lack of statements from the job worker or other corroboration from the department. On that factual and evidentiary basis, the extended period and penalty were held unjustified, and the demand was set aside. en-us Fri, 15 Oct 2004 00:00:00 +0530 Thu, 05 Jul 2012 10:56:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118686 Central excise demand and penalty for alleged shortage of inputs and clandestine removal cannot be sustained on mere presumption or uncorroborated statements when statutory records are maintained and no positive evidence is produced. The allegation was weakened by a retracted statement, the absence of any shortage or excess in finished goods, and the lack of statements from the job worker or other corroboration from the department. On that factual and evidentiary basis, the extended period and penalty were held unjustified, and the demand was set aside. Case-Laws Central Excise Fri, 15 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118686