https://www.taxtmi.com/caselaws?id=170370 Undervaluation and clandestine clearance in excise matters may be established by corroborated circumstantial evidence, including private records, revised price lists, quotation slips, cash statements, seized registers and employee or dealer statements, even where some witnesses later retract. The Tribunal treated contemporaneous documents recovered from the assessee's premises and related dealers as outweighing retractions, and held that proof need not reach mathematical precision but may rest on preponderance of probability. On that basis, undervaluation and clandestine removals were upheld in principle, confiscation of seized plywood sheets was sustained, and dealer penalties were maintained, while the main duty and penalty quantification for the manufacturing units was remitted for fresh adjudication. en-us Thu, 01 Apr 2010 00:00:00 +0530 Wed, 17 May 2017 10:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170370 Undervaluation and clandestine clearance in excise matters may be established by corroborated circumstantial evidence, including private records, revised price lists, quotation slips, cash statements, seized registers and employee or dealer statements, even where some witnesses later retract. The Tribunal treated contemporaneous documents recovered from the assessee's premises and related dealers as outweighing retractions, and held that proof need not reach mathematical precision but may rest on preponderance of probability. On that basis, undervaluation and clandestine removals were upheld in principle, confiscation of seized plywood sheets was sustained, and dealer penalties were maintained, while the main duty and penalty quantification for the manufacturing units was remitted for fresh adjudication. Case-Laws Central Excise Thu, 01 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170370