https://www.taxtmi.com/caselaws?id=54427 Demand for alleged clandestine removal of fireworks could not be sustained where it rested on assumption rather than independent positive evidence specific to the disputed clearances; evidence relating to some transactions could not be extended to other clearances without corroboration. Penalty under Section 11AC of the Central Excise Act, 1944 was also unavailable for a period preceding its commencement on 28-9-1996, as the provision was held to have no retrospective effect. The Revenue's challenge therefore failed, while the assessee succeeded on both the duty demand and penalty issues. en-us Thu, 06 Jan 2005 00:00:00 +0530 Tue, 18 Jun 2024 16:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54427 Demand for alleged clandestine removal of fireworks could not be sustained where it rested on assumption rather than independent positive evidence specific to the disputed clearances; evidence relating to some transactions could not be extended to other clearances without corroboration. Penalty under Section 11AC of the Central Excise Act, 1944 was also unavailable for a period preceding its commencement on 28-9-1996, as the provision was held to have no retrospective effect. The Revenue's challenge therefore failed, while the assessee succeeded on both the duty demand and penalty issues. Case-Laws Central Excise Thu, 06 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54427