https://www.taxtmi.com/caselaws?id=260121 Clandestine removal of dyed woven fabrics was proved through seizure of goods in transit, voluntary statements, and private records, which together provided sufficient circumstantial evidence despite the absence of direct documentary proof. The duty demand was therefore restored in principle. Once liability was upheld, assessable value had to be computed on a cum-tax basis, and the applicable rate for the relevant period was 16%, not 24%, with re-quantification directed after verification of RG-1 entries. Modvat credit was also denied because goods cleared through wilful suppression and evasion could not attract input credit on the same transactions. en-us Fri, 22 May 2015 00:00:00 +0530 Tue, 02 Jun 2015 06:03:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260121 Clandestine removal of dyed woven fabrics was proved through seizure of goods in transit, voluntary statements, and private records, which together provided sufficient circumstantial evidence despite the absence of direct documentary proof. The duty demand was therefore restored in principle. Once liability was upheld, assessable value had to be computed on a cum-tax basis, and the applicable rate for the relevant period was 16%, not 24%, with re-quantification directed after verification of RG-1 entries. Modvat credit was also denied because goods cleared through wilful suppression and evasion could not attract input credit on the same transactions. Case-Laws Central Excise Fri, 22 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260121