https://www.taxtmi.com/caselaws?id=787675 Central excise duty demand for clandestine removal may be sustained where stock shortages are established through a panchnama conducted in the party's presence and records recovered from its premises show clearances exceeding issued invoices. Sampling and multiplication may be an accepted stock-taking method for iron and steel products. Third-party records, including a broker's notebook, require proper evidentiary admission; where the supporting statement is not admitted in compliance with section 9D, the record lacks the necessary foundation for demand. Penalty under Rule 26 cannot be imposed on a director where no excisable goods are confiscated, because the rule requires dealings in goods liable to confiscation. en-us Mon, 09 Mar 2026 00:00:00 +0530 Tue, 10 Mar 2026 13:04:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787675 Central excise duty demand for clandestine removal may be sustained where stock shortages are established through a panchnama conducted in the party's presence and records recovered from its premises show clearances exceeding issued invoices. Sampling and multiplication may be an accepted stock-taking method for iron and steel products. Third-party records, including a broker's notebook, require proper evidentiary admission; where the supporting statement is not admitted in compliance with section 9D, the record lacks the necessary foundation for demand. Penalty under Rule 26 cannot be imposed on a director where no excisable goods are confiscated, because the rule requires dealings in goods liable to confiscation. Case-Laws Central Excise Mon, 09 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787675