https://www.taxtmi.com/caselaws?id=1738 Documentary correlation through issue slips, RT-12 returns and RG-23A registers established that duty-paid inputs were not diverted to exempted final products, and that credit was reversed where inputs were used for such goods. On that factual basis, a demand of duty for alleged failure to maintain separate accounts was unsustainable and was set aside. Once the principal demand failed, the consequential penalties on the assessee and the managing director also could not survive; the Tribunal further noted that a composite penalty under multiple provisions was impermissible. The minor demand relating to shortage of inputs was, however, maintained. en-us Mon, 05 Mar 2007 00:00:00 +0530 Wed, 06 Jul 2016 12:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1738 Documentary correlation through issue slips, RT-12 returns and RG-23A registers established that duty-paid inputs were not diverted to exempted final products, and that credit was reversed where inputs were used for such goods. On that factual basis, a demand of duty for alleged failure to maintain separate accounts was unsustainable and was set aside. Once the principal demand failed, the consequential penalties on the assessee and the managing director also could not survive; the Tribunal further noted that a composite penalty under multiple provisions was impermissible. The minor demand relating to shortage of inputs was, however, maintained. Case-Laws Central Excise Mon, 05 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1738