https://www.taxtmi.com/caselaws?id=340004 Mere mismatch between RG-1 stock records, the balance sheet and Form 3CD report cannot sustain duty demand, Cenvat credit denial or penalty without proof of clandestine removal, actual shortage, or disposal of goods. The demand in issue rested only on theoretical stock differences, with no physical verification establishing shortage and no evidence that inputs or finished goods had left the factory. It was also noted that financial and excise stock accounting follow different methods, and the same issue had already been decided on similar facts in the assessee's favour. en-us Wed, 15 Feb 2017 00:00:00 +0530 Wed, 22 Mar 2017 12:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340004 Mere mismatch between RG-1 stock records, the balance sheet and Form 3CD report cannot sustain duty demand, Cenvat credit denial or penalty without proof of clandestine removal, actual shortage, or disposal of goods. The demand in issue rested only on theoretical stock differences, with no physical verification establishing shortage and no evidence that inputs or finished goods had left the factory. It was also noted that financial and excise stock accounting follow different methods, and the same issue had already been decided on similar facts in the assessee's favour. Case-Laws Central Excise Wed, 15 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340004