https://www.taxtmi.com/caselaws?id=470460 Excise duty based on an alleged finished-goods shortage requires credible evidence of clandestine removal; stock-taking conducted during ongoing production, unsupported working sheets, and anomalies in the panchnama cannot establish clearance by themselves. In the absence of evidence of unaccounted raw materials, excess electricity use, transport, cash sales, purchasers, or private records, the alleged removal was not proved. The extended limitation period is also unavailable where a notice issued nearly three years after stock-taking rests solely on the detected shortage and gives no justification for the delay. The consequential duty demand therefore fails on proof and limitation. en-us Tue, 16 Apr 2024 00:00:00 +0530 Wed, 29 Jul 2026 15:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470460 Excise duty based on an alleged finished-goods shortage requires credible evidence of clandestine removal; stock-taking conducted during ongoing production, unsupported working sheets, and anomalies in the panchnama cannot establish clearance by themselves. In the absence of evidence of unaccounted raw materials, excess electricity use, transport, cash sales, purchasers, or private records, the alleged removal was not proved. The extended limitation period is also unavailable where a notice issued nearly three years after stock-taking rests solely on the detected shortage and gives no justification for the delay. The consequential duty demand therefore fails on proof and limitation. Case-Laws Central Excise Tue, 16 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470460