https://www.taxtmi.com/caselaws?id=1127 Confiscation of excess finished goods could not be sustained once the goods had been unconditionally released and were no longer available for confiscation, so that part of the demand failed. Duty on 497 blankets was upheld because the production slip showed movement of goods to the warehouse and the assessee failed to prove duty-paid clearance, attracting an adverse inference. A demand based on shortage of raw material was set aside because it rested only on presumption without tangible evidence of clandestine removal. Penalty survived only to the extent it related to the sustained duty demand on 497 blankets. en-us Wed, 19 Jul 2006 00:00:00 +0530 Mon, 14 Apr 2008 11:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1127 Confiscation of excess finished goods could not be sustained once the goods had been unconditionally released and were no longer available for confiscation, so that part of the demand failed. Duty on 497 blankets was upheld because the production slip showed movement of goods to the warehouse and the assessee failed to prove duty-paid clearance, attracting an adverse inference. A demand based on shortage of raw material was set aside because it rested only on presumption without tangible evidence of clandestine removal. Penalty survived only to the extent it related to the sustained duty demand on 497 blankets. Case-Laws Central Excise Wed, 19 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1127