https://www.taxtmi.com/caselaws?id=1297 Unretracted statements of employees recorded under section 14, together with stock verification based on the assessee's own declaration, sustained the duty demand on 120 MT of MS square bars, along with confiscation and penalties against the manufacturer. The contemporaneous overtime and salary records were given no evidentiary weight, and the assessee could not recharacterise the verification as mere eye estimation. By contrast, the manager's penalty was set aside because he was only an employee acting under the manufacturer's instructions, so punitive liability was not justified on the facts. en-us Thu, 08 Feb 2007 00:00:00 +0530 Mon, 14 Apr 2008 16:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1297 Unretracted statements of employees recorded under section 14, together with stock verification based on the assessee's own declaration, sustained the duty demand on 120 MT of MS square bars, along with confiscation and penalties against the manufacturer. The contemporaneous overtime and salary records were given no evidentiary weight, and the assessee could not recharacterise the verification as mere eye estimation. By contrast, the manager's penalty was set aside because he was only an employee acting under the manufacturer's instructions, so punitive liability was not justified on the facts. Case-Laws Central Excise Thu, 08 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1297