https://www.taxtmi.com/caselaws?id=151902 An assessee's admission of clerical mistakes, supported by stock reconciliation, can explain shortages and non-reversal of credit and sustain the duty demand. Where statutory records do not record the quantity of goods, the irregularity is detected only on preventive visit, and separate accounts are not maintained for inputs used in exempted and dutiable clearances, the circumstances may support suppression. On those facts, the extended period of limitation and penalty are justified, and the confirmation of duty, interest, and penalty is sustained. en-us Wed, 07 Oct 2009 00:00:00 +0530 Wed, 19 Jun 2013 14:14:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151902 An assessee's admission of clerical mistakes, supported by stock reconciliation, can explain shortages and non-reversal of credit and sustain the duty demand. Where statutory records do not record the quantity of goods, the irregularity is detected only on preventive visit, and separate accounts are not maintained for inputs used in exempted and dutiable clearances, the circumstances may support suppression. On those facts, the extended period of limitation and penalty are justified, and the confirmation of duty, interest, and penalty is sustained. Case-Laws Central Excise Wed, 07 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151902