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Central Excise - Highlights / Catch Notes

Home Highlights September 2018 Year 2018 This

Clandestine removal - fake trading shown in the balance sheet - ...

Central Excise

September 21, 2018

Clandestine removal - fake trading shown in the balance sheet - in the absence of any corroborative evidences, merely on the basis of fake entries which are to obtain loan from banks etc., it cannot be held that fake entries are of clandestine removal of goods - demand not sustainable.

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