https://www.taxtmi.com/caselaws?id=441367 Central excise duty could not be sustained merely on discrepancies between balance-sheet figures and ER-1 returns where correction certificates and reconciliation statements were accepted and no corroborative evidence of clandestine clearance was shown; the duty demand was set aside. Excess stock of master batch found on physical verification was liable to confiscation, and the redemption fine was upheld because the explanation for the excess was not satisfactory. Penalties on the Director and the Authorized Representative were not justified because no specific personal role in clandestine clearance was established and the disputed duty attributable to the cash memos had already been paid; those penalties were deleted. en-us Mon, 07 Aug 2023 00:00:00 +0530 Tue, 08 Aug 2023 07:26:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441367 Central excise duty could not be sustained merely on discrepancies between balance-sheet figures and ER-1 returns where correction certificates and reconciliation statements were accepted and no corroborative evidence of clandestine clearance was shown; the duty demand was set aside. Excess stock of master batch found on physical verification was liable to confiscation, and the redemption fine was upheld because the explanation for the excess was not satisfactory. Penalties on the Director and the Authorized Representative were not justified because no specific personal role in clandestine clearance was established and the disputed duty attributable to the cash memos had already been paid; those penalties were deleted. Case-Laws Central Excise Mon, 07 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441367