https://www.taxtmi.com/caselaws?id=380208 Clandestine removal allegations against an assessee in MS ingots were said to fail because the Revenue did not produce cogent, corroborated evidence of procurement, manufacture, clearance, transport and receipt of consideration. Private notebooks and pads were not sufficiently proved, employee and director statements were retracted and lacked independent support, and the theories based on raw material use, electricity consumption and furnace capacity were not reliably established. No discrepancy in stock or dependable financial or transport trail was shown. On that basis, the note states that confiscation-related consequences and penalties were not sustainable. en-us Tue, 14 May 2019 00:00:00 +0530 Wed, 15 May 2019 11:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380208 Clandestine removal allegations against an assessee in MS ingots were said to fail because the Revenue did not produce cogent, corroborated evidence of procurement, manufacture, clearance, transport and receipt of consideration. Private notebooks and pads were not sufficiently proved, employee and director statements were retracted and lacked independent support, and the theories based on raw material use, electricity consumption and furnace capacity were not reliably established. No discrepancy in stock or dependable financial or transport trail was shown. On that basis, the note states that confiscation-related consequences and penalties were not sustainable. Case-Laws Central Excise Tue, 14 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380208