https://www.taxtmi.com/caselaws?id=121802 A retracted confession, without independent corroboration, was treated as insufficient to sustain excise demand where contemporaneous statutory records, returns, RG-23 entries, octroi receipts and cheque payments supported receipt and use of inputs in manufacture. The demand of duty, interest and penalties for alleged wrongful Modvat/Cenvat credit was therefore set aside. A separate shortage demand was upheld because no convincing rebuttal was offered to the verified shortage of finished goods and raw material. Confiscation of excess found goods and the redemption fine were set aside because the explanation for stock position was found plausible and there was no evidence of actual removal or intent to clear goods without duty. en-us Mon, 18 Jun 2007 00:00:00 +0530 Wed, 08 Nov 2017 09:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121802 A retracted confession, without independent corroboration, was treated as insufficient to sustain excise demand where contemporaneous statutory records, returns, RG-23 entries, octroi receipts and cheque payments supported receipt and use of inputs in manufacture. The demand of duty, interest and penalties for alleged wrongful Modvat/Cenvat credit was therefore set aside. A separate shortage demand was upheld because no convincing rebuttal was offered to the verified shortage of finished goods and raw material. Confiscation of excess found goods and the redemption fine were set aside because the explanation for stock position was found plausible and there was no evidence of actual removal or intent to clear goods without duty. Case-Laws Central Excise Mon, 18 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121802