https://www.taxtmi.com/caselaws?id=236089 Duty demand on alleged shortage of transformers was not sustainable because the contemporaneous explanation of reovening and the officers' failure to verify it negated any finding of clandestine removal. Recovery of Cenvat credit on BP sheets and CRGO electrical steel sheets also failed, as the alleged shortage was not proved by the stock methodology used. A demand based on assumed consumption norms for wire and strips could not stand without evidence of actual unaccounted clearance. However, credit reversal and penalty were upheld for wire and strips claimed to have been lost in fire, because there was no contemporaneous intimation to the department or claim for remission to support the loss. en-us Wed, 08 Jun 2011 00:00:00 +0530 Wed, 14 Aug 2013 08:14:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236089 Duty demand on alleged shortage of transformers was not sustainable because the contemporaneous explanation of reovening and the officers' failure to verify it negated any finding of clandestine removal. Recovery of Cenvat credit on BP sheets and CRGO electrical steel sheets also failed, as the alleged shortage was not proved by the stock methodology used. A demand based on assumed consumption norms for wire and strips could not stand without evidence of actual unaccounted clearance. However, credit reversal and penalty were upheld for wire and strips claimed to have been lost in fire, because there was no contemporaneous intimation to the department or claim for remission to support the loss. Case-Laws Central Excise Wed, 08 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236089