https://www.taxtmi.com/caselaws?id=126029 A demand alleging clandestine removal could not be sustained merely on theoretical input-output ratios and stock-register entries without independent corroborative evidence of non-receipt of inputs or diversion of goods; only the admitted wrongful credit remained payable. The extended period of limitation was also unavailable because the figures relied on in the notice were already reflected in statutory records and returns, and no suppression with intent to evade duty was established. The balance duty demand and penalties on the company and individual appellants were set aside. en-us Tue, 24 Feb 2009 00:00:00 +0530 Thu, 03 Aug 2017 09:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126029 A demand alleging clandestine removal could not be sustained merely on theoretical input-output ratios and stock-register entries without independent corroborative evidence of non-receipt of inputs or diversion of goods; only the admitted wrongful credit remained payable. The extended period of limitation was also unavailable because the figures relied on in the notice were already reflected in statutory records and returns, and no suppression with intent to evade duty was established. The balance duty demand and penalties on the company and individual appellants were set aside. Case-Laws Central Excise Tue, 24 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126029