https://www.taxtmi.com/caselaws?id=765931 CESTAT Kolkata allowed the appeal challenging demand for clandestine production and removal of sponge iron. Revenue alleged shortage of 11,542 MT based on theoretical input/output ratio, claiming appellant should have produced 95,927 MT but only produced 84,385 MT from 160,198 MT iron ore. Tribunal held Revenue failed to conduct independent study or provide corroborative evidence beyond expert opinion. No evidence of clandestine removal through vehicle movements, cash transactions, or buyer statements was presented. Demand was revenue-neutral as both units shared common balance sheet with available Cenvat credit. Appeal allowed on merits and time limitation, penalty on Managing Director set aside. en-us Tue, 11 Feb 2025 00:00:00 +0530 Wed, 12 Feb 2025 10:57:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765931 CESTAT Kolkata allowed the appeal challenging demand for clandestine production and removal of sponge iron. Revenue alleged shortage of 11,542 MT based on theoretical input/output ratio, claiming appellant should have produced 95,927 MT but only produced 84,385 MT from 160,198 MT iron ore. Tribunal held Revenue failed to conduct independent study or provide corroborative evidence beyond expert opinion. No evidence of clandestine removal through vehicle movements, cash transactions, or buyer statements was presented. Demand was revenue-neutral as both units shared common balance sheet with available Cenvat credit. Appeal allowed on merits and time limitation, penalty on Managing Director set aside. Case-Laws Central Excise Tue, 11 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765931