https://www.taxtmi.com/caselaws?id=350401 Modvat credit on imported HDPE/LDPE/LLDPE inputs was held unsustainable only where the Revenue relied on uncorroborated employee statements and an expert opinion, while the assessee produced bills of entry, transport documents and manufacturing records showing receipt and use of the inputs. Alleged shortages of finished goods and inputs also did not justify duty demands because the contemporaneous stock, invoice and job-work records were not rebutted by independent evidence, and mere stock discrepancy was insufficient to prove clandestine removal. Penalties under Section 11AC and the Central Excise Rules likewise fell once the underlying demands and evidentiary basis failed. en-us Mon, 23 Oct 2017 00:00:00 +0530 Sat, 02 Dec 2017 16:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350401 Modvat credit on imported HDPE/LDPE/LLDPE inputs was held unsustainable only where the Revenue relied on uncorroborated employee statements and an expert opinion, while the assessee produced bills of entry, transport documents and manufacturing records showing receipt and use of the inputs. Alleged shortages of finished goods and inputs also did not justify duty demands because the contemporaneous stock, invoice and job-work records were not rebutted by independent evidence, and mere stock discrepancy was insufficient to prove clandestine removal. Penalties under Section 11AC and the Central Excise Rules likewise fell once the underlying demands and evidentiary basis failed. Case-Laws Central Excise Mon, 23 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350401