https://www.taxtmi.com/caselaws?id=53964 Balance-sheet discrepancies with RT-12 returns, without corroborative evidence such as unaccounted inputs, market enquiries, or seizure of goods, were held insufficient to prove clandestine manufacture or removal. The duty demand therefore failed on merits. The balance sheets were public documents already supplied to the Revenue, so no suppression of material facts was established and the extended limitation period could not be invoked. The demand for the earlier period was accordingly time-barred, and the duty demand and penalty were set aside with consequential relief. en-us Thu, 17 Mar 2005 00:00:00 +0530 Sat, 11 May 2024 11:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53964 Balance-sheet discrepancies with RT-12 returns, without corroborative evidence such as unaccounted inputs, market enquiries, or seizure of goods, were held insufficient to prove clandestine manufacture or removal. The duty demand therefore failed on merits. The balance sheets were public documents already supplied to the Revenue, so no suppression of material facts was established and the extended limitation period could not be invoked. The demand for the earlier period was accordingly time-barred, and the duty demand and penalty were set aside with consequential relief. Case-Laws Central Excise Thu, 17 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53964