https://www.taxtmi.com/caselaws?id=329305 A demand for central excise duty based only on a mismatch between income-tax stock figures in Form 3CD and the RG-1 register is not sustainable unless backed by physical stock verification or other independent evidence of clandestine removal. Stock records prepared for income-tax and excise purposes serve different functions, so they cannot be mechanically compared to infer shortage or unlawful clearance. The cited precedent, affirmed by the Supreme Court, was applied to hold that a mere discrepancy in records, without proof of actual removal of goods, does not establish excisable evasion. en-us Thu, 12 May 2016 00:00:00 +0530 Wed, 21 Dec 2016 14:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329305 A demand for central excise duty based only on a mismatch between income-tax stock figures in Form 3CD and the RG-1 register is not sustainable unless backed by physical stock verification or other independent evidence of clandestine removal. Stock records prepared for income-tax and excise purposes serve different functions, so they cannot be mechanically compared to infer shortage or unlawful clearance. The cited precedent, affirmed by the Supreme Court, was applied to hold that a mere discrepancy in records, without proof of actual removal of goods, does not establish excisable evasion. Case-Laws Central Excise Thu, 12 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329305