https://www.taxtmi.com/caselaws?id=462935 CESTAT Kolkata held that minor discrepancies in raw materials and work-in-progress, when adjusted against excesses, were negligible and did not indicate clandestine removal or duty evasion. The tribunal relied on precedent to reject the demand for reversal of credit and duty on finished goods based solely on physical stock audit. There was no evidence of clandestine manufacture or clearance without duty payment. Consequently, the demand confirmed in the impugned order was unsustainable, and no penalty was imposed due to lack of intent to evade duty. The appeal was allowed. en-us Fri, 03 Nov 2023 00:00:00 +0530 Fri, 25 Jul 2025 18:57:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462935 CESTAT Kolkata held that minor discrepancies in raw materials and work-in-progress, when adjusted against excesses, were negligible and did not indicate clandestine removal or duty evasion. The tribunal relied on precedent to reject the demand for reversal of credit and duty on finished goods based solely on physical stock audit. There was no evidence of clandestine manufacture or clearance without duty payment. Consequently, the demand confirmed in the impugned order was unsustainable, and no penalty was imposed due to lack of intent to evade duty. The appeal was allowed. Case-Laws Central Excise Fri, 03 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462935