https://www.taxtmi.com/caselaws?id=191591 Duty demand and denial of Cenvat credit could not be sustained where stock verification showed finished goods and raw materials in excess of book balance, because the alleged shortage was not established. In the absence of any specific allegation or proof of clandestine removal from the factory, mere non-maintenance of records was insufficient to support duty liability on a clandestine clearance theory. The impugned order was set aside and the assessee obtained relief against the confirmed duty and penalty. en-us Wed, 04 Nov 2015 00:00:00 +0530 Sat, 08 Apr 2017 09:48:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191591 Duty demand and denial of Cenvat credit could not be sustained where stock verification showed finished goods and raw materials in excess of book balance, because the alleged shortage was not established. In the absence of any specific allegation or proof of clandestine removal from the factory, mere non-maintenance of records was insufficient to support duty liability on a clandestine clearance theory. The impugned order was set aside and the assessee obtained relief against the confirmed duty and penalty. Case-Laws Central Excise Wed, 04 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191591