https://www.taxtmi.com/caselaws?id=77215 The Tribunal rejected the Revenue's appeal and upheld the Commissioner's decision in favor of M/s. Pragati Glass Pvt. Ltd. regarding duty demand and penalties. The Tribunal noted discrepancies in the stock-taking process, lack of thorough investigation post the director's retraction, and emphasized the need for proper documentation and evidence. The duty demand of Rs. 4,01,920 on 12,56,000 glass bottles found short was set aside due to insufficient evidence, and penalties imposed on the company and director were also annulled. en-us Fri, 30 Apr 2010 00:00:00 +0530 Tue, 31 Aug 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77215 The Tribunal rejected the Revenue's appeal and upheld the Commissioner's decision in favor of M/s. Pragati Glass Pvt. Ltd. regarding duty demand and penalties. The Tribunal noted discrepancies in the stock-taking process, lack of thorough investigation post the director's retraction, and emphasized the need for proper documentation and evidence. The duty demand of Rs. 4,01,920 on 12,56,000 glass bottles found short was set aside due to insufficient evidence, and penalties imposed on the company and director were also annulled. Case-Laws Central Excise Fri, 30 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77215