https://www.taxtmi.com/caselaws?id=126545 Demand based only on shortages recorded in a panchanama could not be sustained where no independent corroborative evidence of clandestine removal was produced. The assessee disputed the stock verification, sought cross-examination of the panchas, and the witnesses were not produced. The Revenue also failed to place any inventory or other reliable material on record, while the director's statement and later letter challenged both the alleged shortages and the correctness of the panchanama. On these facts, clandestine removal was not established, and the demand and penalties were set aside. en-us Tue, 21 Jul 2009 00:00:00 +0530 Tue, 27 Jun 2017 10:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126545 Demand based only on shortages recorded in a panchanama could not be sustained where no independent corroborative evidence of clandestine removal was produced. The assessee disputed the stock verification, sought cross-examination of the panchas, and the witnesses were not produced. The Revenue also failed to place any inventory or other reliable material on record, while the director's statement and later letter challenged both the alleged shortages and the correctness of the panchanama. On these facts, clandestine removal was not established, and the demand and penalties were set aside. Case-Laws Central Excise Tue, 21 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126545