https://www.taxtmi.com/caselaws?id=49809 Allegations of clandestine manufacture and removal cannot be sustained on a bank statement alone; independent corroborative evidence of input procurement, production capacity, power consumption, removal and sale is required, so the demand based only on inflated stock figures furnished to a bank was set aside. Admitted shortage reflected in the RG 1 register, however, constituted a statutory stock discrepancy sufficient to sustain duty, and the Tribunal upheld a reduced penalty in view of the limited nature of the lapse. The result was partial relief to the assessee, with the bank-statement-based demand annulled and the stock-shortage-based demand maintained. en-us Fri, 07 Apr 2000 00:00:00 +0530 Sun, 04 Jan 2026 11:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49809 Allegations of clandestine manufacture and removal cannot be sustained on a bank statement alone; independent corroborative evidence of input procurement, production capacity, power consumption, removal and sale is required, so the demand based only on inflated stock figures furnished to a bank was set aside. Admitted shortage reflected in the RG 1 register, however, constituted a statutory stock discrepancy sufficient to sustain duty, and the Tribunal upheld a reduced penalty in view of the limited nature of the lapse. The result was partial relief to the assessee, with the bank-statement-based demand annulled and the stock-shortage-based demand maintained. Case-Laws Central Excise Fri, 07 Apr 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49809