https://www.taxtmi.com/caselaws?id=340496 Contemporaneous records, panchnama and corroborated statements were treated as sufficient to establish clandestine removals and non-manufacture, so the central excise demand, related interest and penalty against M/s Mittal Overseas were sustained. On the same factual basis, Modvat/Cenvat credit taken by M/s A.S. Overseas was held to be wrongly availed because the unit was found non-functional and no manufacturing activity or receipt of inputs was established; the credit demand and penalty were sustained. Shri Sandeep Mittal was treated as the controlling person and his liability was upheld, but the penalty was reduced on the facts. en-us Fri, 03 Mar 2017 00:00:00 +0530 Thu, 13 Apr 2017 13:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340496 Contemporaneous records, panchnama and corroborated statements were treated as sufficient to establish clandestine removals and non-manufacture, so the central excise demand, related interest and penalty against M/s Mittal Overseas were sustained. On the same factual basis, Modvat/Cenvat credit taken by M/s A.S. Overseas was held to be wrongly availed because the unit was found non-functional and no manufacturing activity or receipt of inputs was established; the credit demand and penalty were sustained. Shri Sandeep Mittal was treated as the controlling person and his liability was upheld, but the penalty was reduced on the facts. Case-Laws Central Excise Fri, 03 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340496