https://www.taxtmi.com/caselaws?id=153979 Private batch-wise records showing production and clearances beyond the figures in excise and Drug Control records supported the duty demand, because matching statutory records alone did not negate the excess and the assessee gave no satisfactory explanation for the goods shown as produced. The demand was therefore upheld. On penalty, the Tribunal accepted leniency factors, including the long lapse of time, closure of the company since February 1992, and absence of direct evidence of clandestine removal, and reduced the penalty from Rs. 1,00,000 to Rs. 50,000. en-us Thu, 31 Dec 2009 00:00:00 +0530 Fri, 02 Aug 2013 15:19:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=153979 Private batch-wise records showing production and clearances beyond the figures in excise and Drug Control records supported the duty demand, because matching statutory records alone did not negate the excess and the assessee gave no satisfactory explanation for the goods shown as produced. The demand was therefore upheld. On penalty, the Tribunal accepted leniency factors, including the long lapse of time, closure of the company since February 1992, and absence of direct evidence of clandestine removal, and reduced the penalty from Rs. 1,00,000 to Rs. 50,000. Case-Laws Central Excise Thu, 31 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=153979