https://www.taxtmi.com/caselaws?id=259262 Admitted contemporaneous statements and an admitted register can sustain a demand where finished goods shortage is established and later retraction is uncorroborated. The demand based on shortage of finished goods and the Daily Progress Report Register was therefore upheld. By contrast, shortage of raw materials alone did not prove clandestine removal, because no reliable evidence showed that the inputs were diverted or not consumed in manufacture and one-to-one input-output correlation was not required in a CENVAT setting. The demand on raw material shortage was set aside. On the facts found, the Director's personal penalty and confiscation with redemption fine were not warranted and were set aside. en-us Fri, 01 May 2015 00:00:00 +0530 Tue, 05 May 2015 07:41:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259262 Admitted contemporaneous statements and an admitted register can sustain a demand where finished goods shortage is established and later retraction is uncorroborated. The demand based on shortage of finished goods and the Daily Progress Report Register was therefore upheld. By contrast, shortage of raw materials alone did not prove clandestine removal, because no reliable evidence showed that the inputs were diverted or not consumed in manufacture and one-to-one input-output correlation was not required in a CENVAT setting. The demand on raw material shortage was set aside. On the facts found, the Director's personal penalty and confiscation with redemption fine were not warranted and were set aside. Case-Laws Central Excise Fri, 01 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259262