https://www.taxtmi.com/caselaws?id=530 A demand alleging undervaluation and clandestine receipt of extra consideration cannot be sustained on statements alone; corroborative documentary or other material evidence is required to prove the charge. Here, the Revenue failed to produce supporting records, so the allegation remained based on suspicion rather than proof. The finding that the demand was not established was accepted as legal and proper, and the consequential penalty also failed once the duty demand was set aside. en-us Thu, 16 Feb 2006 00:00:00 +0530 Sun, 13 Apr 2008 15:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=530 A demand alleging undervaluation and clandestine receipt of extra consideration cannot be sustained on statements alone; corroborative documentary or other material evidence is required to prove the charge. Here, the Revenue failed to produce supporting records, so the allegation remained based on suspicion rather than proof. The finding that the demand was not established was accepted as legal and proper, and the consequential penalty also failed once the duty demand was set aside. Case-Laws Central Excise Thu, 16 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=530