https://www.taxtmi.com/caselaws?id=258808 Recovered loose sheets, contemporaneous statements and statutory records were examined in a clandestine removal dispute. The majority held that the loose-sheet entries substantially tallied with the assessee's statutory records, the minor monthly differences were explained by loss and wastage, and the Revenue failed to produce corroborative evidence of buyers, transport or extra raw material. On that basis, the later retraction was treated as an afterthought and the oral confession alone was held insufficient to sustain duty and penalty. The dissent considered the admissions, recovered sheets, voluntary payment and surrounding circumstances adequate to prove clandestine removal on a preponderance of probability. en-us Mon, 30 Mar 2015 00:00:00 +0530 Wed, 10 Feb 2016 14:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258808 Recovered loose sheets, contemporaneous statements and statutory records were examined in a clandestine removal dispute. The majority held that the loose-sheet entries substantially tallied with the assessee's statutory records, the minor monthly differences were explained by loss and wastage, and the Revenue failed to produce corroborative evidence of buyers, transport or extra raw material. On that basis, the later retraction was treated as an afterthought and the oral confession alone was held insufficient to sustain duty and penalty. The dissent considered the admissions, recovered sheets, voluntary payment and surrounding circumstances adequate to prove clandestine removal on a preponderance of probability. Case-Laws Central Excise Mon, 30 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258808