https://www.taxtmi.com/caselaws?id=261541 Demand of duty, interest and penalty based on alleged clandestine removal of imported raw materials was not sustainable where the Revenue's calculation rested on retracted statements, contradictory witness versions, and an assumed uniform weight and thickness of sheets. The record showed variation in the thickness of the imported materials, and no independent evidence established either uniformity of the raw inputs or diversion of goods for unaccounted manufacture. In the absence of reliable corroboration, the calculation method adopted by the Revenue could not be upheld, and the assessee succeeded. en-us Tue, 30 Jun 2015 00:00:00 +0530 Mon, 15 Feb 2016 15:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261541 Demand of duty, interest and penalty based on alleged clandestine removal of imported raw materials was not sustainable where the Revenue's calculation rested on retracted statements, contradictory witness versions, and an assumed uniform weight and thickness of sheets. The record showed variation in the thickness of the imported materials, and no independent evidence established either uniformity of the raw inputs or diversion of goods for unaccounted manufacture. In the absence of reliable corroboration, the calculation method adopted by the Revenue could not be upheld, and the assessee succeeded. Case-Laws Central Excise Tue, 30 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261541