https://www.taxtmi.com/caselaws?id=54696 Audited balance sheets read with the assessee's statutory excise records were treated as sufficient evidence of production and clearances exceeding what was disclosed in the excise returns, supporting a finding of clandestine removal of excisable goods. The objection on valuation defects was not entertained because it had not been raised before the lower authorities. The penalty-related objections under Sections 11AC and 11AB did not displace the demand, and penalty was upheld under Rule 173Q(1). en-us Fri, 11 Nov 2005 00:00:00 +0530 Thu, 21 Oct 2010 15:39:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54696 Audited balance sheets read with the assessee's statutory excise records were treated as sufficient evidence of production and clearances exceeding what was disclosed in the excise returns, supporting a finding of clandestine removal of excisable goods. The objection on valuation defects was not entertained because it had not been raised before the lower authorities. The penalty-related objections under Sections 11AC and 11AB did not displace the demand, and penalty was upheld under Rule 173Q(1). Case-Laws Central Excise Fri, 11 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54696