https://www.taxtmi.com/caselaws?id=126655 CESTAT, Chennai held that a duty demand for alleged clandestine removal of mineral glasses could not rest on stock shortage alone, especially where physical verification was disputed and no corroborative evidence supported the charge. The absence of reliable material on raw material consumption, buyer statements, sale proceeds, or certainty in production entries meant the principal demand and the connected penalty were unsustainable and were set aside. However, the failure to maintain statutory records under the RG-1 account and Form V register remained proved, so a limited penalty was upheld for that record-keeping lapse and confined to a nominal amount. en-us Mon, 18 May 2009 00:00:00 +0530 Tue, 04 Dec 2012 13:53:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126655 CESTAT, Chennai held that a duty demand for alleged clandestine removal of mineral glasses could not rest on stock shortage alone, especially where physical verification was disputed and no corroborative evidence supported the charge. The absence of reliable material on raw material consumption, buyer statements, sale proceeds, or certainty in production entries meant the principal demand and the connected penalty were unsustainable and were set aside. However, the failure to maintain statutory records under the RG-1 account and Form V register remained proved, so a limited penalty was upheld for that record-keeping lapse and confined to a nominal amount. Case-Laws Central Excise Mon, 18 May 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126655