https://www.taxtmi.com/caselaws?id=294650 CESTAT held that an allegation of clandestine removal cannot be sustained merely on third-party records or a statement recorded during investigation unless there is corroborative evidence directly linking the assessee to the alleged clearances. In the absence of any incriminating material recovered from the appellants and with the appellants denying the business transactions during the relevant period, the demand was treated as resting only on presumption and guesswork. The duty demand and consequential penalties were therefore set aside, and the appellants obtained complete relief. en-us Thu, 01 Aug 2019 00:00:00 +0530 Mon, 26 Apr 2021 10:16:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294650 CESTAT held that an allegation of clandestine removal cannot be sustained merely on third-party records or a statement recorded during investigation unless there is corroborative evidence directly linking the assessee to the alleged clearances. In the absence of any incriminating material recovered from the appellants and with the appellants denying the business transactions during the relevant period, the demand was treated as resting only on presumption and guesswork. The duty demand and consequential penalties were therefore set aside, and the appellants obtained complete relief. Case-Laws Central Excise Thu, 01 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294650