https://www.taxtmi.com/caselaws?id=340092 Physical stock discrepancies by themselves did not establish clandestine removal where no direct evidence showed goods cleared without duty and an accounting error remained plausible; the duty demand on shortage was therefore not sustained, and the redemption fine was reduced as excessive against the excess stock value. Freight collected through separate commercial billing on a principal-to-principal, factory-gate sale remained deductible from assessable value even though it was not shown in the excise invoice, so the freight demand was not sustainable. Where the record indicated inadvertence rather than intent to evade duty, the penal provisions were not attracted, and the company and individual penalties were set aside. en-us Thu, 16 Feb 2017 00:00:00 +0530 Wed, 15 Mar 2017 12:15:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340092 Physical stock discrepancies by themselves did not establish clandestine removal where no direct evidence showed goods cleared without duty and an accounting error remained plausible; the duty demand on shortage was therefore not sustained, and the redemption fine was reduced as excessive against the excess stock value. Freight collected through separate commercial billing on a principal-to-principal, factory-gate sale remained deductible from assessable value even though it was not shown in the excise invoice, so the freight demand was not sustainable. Where the record indicated inadvertence rather than intent to evade duty, the penal provisions were not attracted, and the company and individual penalties were set aside. Case-Laws Central Excise Thu, 16 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340092