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<h1>Appeal upholds duty payment, reduces redemption fine due to lack of mala fide intention. Caution for record-keeping.</h1> The appeal upheld the duty payment on shortages but reduced the redemption fine for excess goods due to lack of mala fide intention. The penalty was ... Stock verification - Shortage and excess in stock The appeal was against an order-in-appeal regarding shortages and excess noticed during stock verification. Duty payment on shortages was accepted. The excess was due to improper maintenance of accounts, not mala fide intention. The demand and liability for excess goods confirmed, but redemption fine reduced to Rs. 20,000 for leniency. Penalty remitted with a warning to maintain proper records in the future.
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