https://www.taxtmi.com/caselaws?id=757933 CESTAT Kolkata set aside demands for clandestine removal and stock shortage. The tribunal found Revenue failed to provide corroborative evidence beyond director's statements, lacking verification of raw material procurement, electricity consumption, transportation details, and proper stock quantification methods. The investigation relied solely on recovered diary entries without supporting documentation. Additionally, the extended limitation period was improperly invoked as the issue came to Revenue's knowledge in July 2008. Appeals allowed on both merits and limitation grounds. en-us Wed, 04 Sep 2024 00:00:00 +0530 Thu, 05 Sep 2024 07:49:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757933 CESTAT Kolkata set aside demands for clandestine removal and stock shortage. The tribunal found Revenue failed to provide corroborative evidence beyond director's statements, lacking verification of raw material procurement, electricity consumption, transportation details, and proper stock quantification methods. The investigation relied solely on recovered diary entries without supporting documentation. Additionally, the extended limitation period was improperly invoked as the issue came to Revenue's knowledge in July 2008. Appeals allowed on both merits and limitation grounds. Case-Laws Central Excise Wed, 04 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757933