https://www.taxtmi.com/caselaws?id=383710 Allegations of clandestine removal based only on estimated burning losses and third-party statements were found insufficient without tangible corroborative evidence of actual manufacture, transport or sale, so that demand was set aside. By contrast, shortages of finished goods and raw material recorded through panchnama-based stock verification were accepted because the method was treated as practical and scientific, and the figures were not effectively rebutted, sustaining duty demand and Cenvat credit reversal. A separate demand alleging sale of fresh goods as old, rejected and pitted steel was upheld because statutory records and enquiries did not support genuine sales and indicated an attempt to cover shortages. Penalties were modified downward in light of partial relief. en-us Mon, 15 Jul 2019 00:00:00 +0530 Tue, 30 Jul 2019 06:21:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383710 Allegations of clandestine removal based only on estimated burning losses and third-party statements were found insufficient without tangible corroborative evidence of actual manufacture, transport or sale, so that demand was set aside. By contrast, shortages of finished goods and raw material recorded through panchnama-based stock verification were accepted because the method was treated as practical and scientific, and the figures were not effectively rebutted, sustaining duty demand and Cenvat credit reversal. A separate demand alleging sale of fresh goods as old, rejected and pitted steel was upheld because statutory records and enquiries did not support genuine sales and indicated an attempt to cover shortages. Penalties were modified downward in light of partial relief. Case-Laws Central Excise Mon, 15 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383710