https://www.taxtmi.com/caselaws?id=51504 Modvat credit on imported inputs cannot be denied on allegations of substitution or clandestine removal unless supported by tangible evidence; customs clearance, absence of misdeclaration, and untested statements recorded behind the assessee's back were insufficient, so the credit denial was set aside. Confiscation of excess finished stock and personal penalties on company officers also failed because excess stock alone did not prove clandestine clearance and no specific statutory basis or individual role was shown, so those actions were annulled. A duty demand on undisputed shortage of DBP plasticizer was sustained, but the related interest was not upheld. en-us Tue, 04 Jun 2002 00:00:00 +0530 Sat, 25 Sep 2010 11:41:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51504 Modvat credit on imported inputs cannot be denied on allegations of substitution or clandestine removal unless supported by tangible evidence; customs clearance, absence of misdeclaration, and untested statements recorded behind the assessee's back were insufficient, so the credit denial was set aside. Confiscation of excess finished stock and personal penalties on company officers also failed because excess stock alone did not prove clandestine clearance and no specific statutory basis or individual role was shown, so those actions were annulled. A duty demand on undisputed shortage of DBP plasticizer was sustained, but the related interest was not upheld. Case-Laws Central Excise Tue, 04 Jun 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51504