https://www.taxtmi.com/caselaws?id=51142 Penalties for physical shortages and failure to maintain F-4 Registers had been confirmed against the firm and its partner. Alleged clandestine removal and duty demands founded solely on entries in a seized notebook required independent corroboration through evidence of raw-material purchases, manufacture, sales, transportation and receipt of funds. The accountant who maintained the notebook was not examined despite being present during the raid, undermining its evidentiary value. Absence of proof of production, protected storage, insurance, sale or transport of the alleged goods rendered the findings presumptive. The duty demands and related penalties based on the uncorroborated notebook were set aside and the appeals were allowed. en-us Tue, 22 Jan 2002 00:00:00 +0530 Tue, 23 Dec 2025 14:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51142 Penalties for physical shortages and failure to maintain F-4 Registers had been confirmed against the firm and its partner. Alleged clandestine removal and duty demands founded solely on entries in a seized notebook required independent corroboration through evidence of raw-material purchases, manufacture, sales, transportation and receipt of funds. The accountant who maintained the notebook was not examined despite being present during the raid, undermining its evidentiary value. Absence of proof of production, protected storage, insurance, sale or transport of the alleged goods rendered the findings presumptive. The duty demands and related penalties based on the uncorroborated notebook were set aside and the appeals were allowed. Case-Laws Central Excise Tue, 22 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51142