https://www.taxtmi.com/caselaws?id=4162 Retractions of officers' statements, without independent corroboration, could not sustain a demand where RT-12 returns and grey return challans supported the assessee, so the grey return entries were accepted as genuine. A shortage demand based on EB-4/RG-1 discrepancy was rejected where the department used an incorrect method and duplicated stock figures. Duty was, however, upheld on the limited remaining shortage in cotton fabrics, the balance shortage in man-made fabrics, and unproved godown bales treated as unaccounted clearances, with remand for quantification, confiscation-related consequences and allied reliefs. Extended limitation, interest from the operative date of Section 11AB, and penalties were also held applicable. en-us Mon, 03 Mar 2008 00:00:00 +0530 Tue, 27 May 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=4162 Retractions of officers' statements, without independent corroboration, could not sustain a demand where RT-12 returns and grey return challans supported the assessee, so the grey return entries were accepted as genuine. A shortage demand based on EB-4/RG-1 discrepancy was rejected where the department used an incorrect method and duplicated stock figures. Duty was, however, upheld on the limited remaining shortage in cotton fabrics, the balance shortage in man-made fabrics, and unproved godown bales treated as unaccounted clearances, with remand for quantification, confiscation-related consequences and allied reliefs. Extended limitation, interest from the operative date of Section 11AB, and penalties were also held applicable. Case-Laws Central Excise Mon, 03 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=4162