https://www.taxtmi.com/caselaws?id=332676 Excess molasses stock detected by dip method was treated as a normal stock variation attributable to foam factor and storage conditions, especially where the State Excise authority had accepted the recorded stock in the statutory register and later endorsed the net excess balance at season-end. On that factual foundation, the allegation of clandestine removal was found to rest only on assumption and presumption without adequate evidence. The duty demand, confiscation and penalties were therefore held unsustainable and were set aside by CESTAT in favour of the assessee. en-us Wed, 10 Aug 2016 00:00:00 +0530 Thu, 17 Aug 2017 18:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332676 Excess molasses stock detected by dip method was treated as a normal stock variation attributable to foam factor and storage conditions, especially where the State Excise authority had accepted the recorded stock in the statutory register and later endorsed the net excess balance at season-end. On that factual foundation, the allegation of clandestine removal was found to rest only on assumption and presumption without adequate evidence. The duty demand, confiscation and penalties were therefore held unsustainable and were set aside by CESTAT in favour of the assessee. Case-Laws Central Excise Wed, 10 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332676