https://www.taxtmi.com/caselaws?id=219161 Shortages of finished goods, inputs and packing materials were examined for whether they evidenced clandestine removal or merely accounting discrepancies. The stock differences were assessed against the assessee's manufacturing activity, the volume of products handled, the difficulty of maintaining accounts for bulk and packed goods, and the presence of both shortages and excesses. A mere admission at stock verification that physical stock differed from book stock was treated as insufficient on its own to prove clandestine removal. The discrepancy was therefore attributed to improper accounting rather than removal without duty payment, and the duty demand and penalty were set aside. en-us Mon, 19 Mar 2012 00:00:00 +0530 Tue, 16 Oct 2012 17:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219161 Shortages of finished goods, inputs and packing materials were examined for whether they evidenced clandestine removal or merely accounting discrepancies. The stock differences were assessed against the assessee's manufacturing activity, the volume of products handled, the difficulty of maintaining accounts for bulk and packed goods, and the presence of both shortages and excesses. A mere admission at stock verification that physical stock differed from book stock was treated as insufficient on its own to prove clandestine removal. The discrepancy was therefore attributed to improper accounting rather than removal without duty payment, and the duty demand and penalty were set aside. Case-Laws Central Excise Mon, 19 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219161