https://www.taxtmi.com/caselaws?id=384683 Clandestine removal of excisable goods may be established on the cumulative effect of seized slips, notebooks, third-party records, statements, and contemporaneous corroboration, even if every entry is not independently signed or each statement is later retracted. The extended period of limitation is available where suppression of clearances is revealed only through investigation and statutory records do not disclose the evasion. Penalty on directors is sustainable where they led the company's affairs, though the quantum may be moderated on equitable considerations. Quantification of the removed quantity may be remanded for fresh verification where the assessee raises an unexamined plea regarding accounted production and job-work clearances. en-us Mon, 19 Aug 2019 00:00:00 +0530 Tue, 20 Aug 2019 16:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384683 Clandestine removal of excisable goods may be established on the cumulative effect of seized slips, notebooks, third-party records, statements, and contemporaneous corroboration, even if every entry is not independently signed or each statement is later retracted. The extended period of limitation is available where suppression of clearances is revealed only through investigation and statutory records do not disclose the evasion. Penalty on directors is sustainable where they led the company's affairs, though the quantum may be moderated on equitable considerations. Quantification of the removed quantity may be remanded for fresh verification where the assessee raises an unexamined plea regarding accounted production and job-work clearances. Case-Laws Central Excise Mon, 19 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384683