https://www.taxtmi.com/caselaws?id=236777 CESTAT held that a duty demand and equal penalty based on alleged input shortage and wrongful Cenvat credit could not stand where the Revenue's stock calculations were defective and inconsistent. The record showed errors in stock computation, failure to account for supplies, work-in-progress, job-work material and off-cuts, and no independent evidence of clandestine removal, bogus credit, or clandestine manufacture and clearance. Because the calculation was casual and unreliable, the demand and penalty were set aside in favour of the assessee. en-us Thu, 17 May 2012 00:00:00 +0530 Sat, 07 Sep 2013 13:34:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236777 CESTAT held that a duty demand and equal penalty based on alleged input shortage and wrongful Cenvat credit could not stand where the Revenue's stock calculations were defective and inconsistent. The record showed errors in stock computation, failure to account for supplies, work-in-progress, job-work material and off-cuts, and no independent evidence of clandestine removal, bogus credit, or clandestine manufacture and clearance. Because the calculation was casual and unreliable, the demand and penalty were set aside in favour of the assessee. Case-Laws Central Excise Thu, 17 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236777