https://www.taxtmi.com/caselaws?id=83062 Contemporaneous stock verification conducted in the presence of the assessee's authorised representatives and recorded in signed panchnamas was treated as reliable evidence to establish excess and shortage in a bonded store room, supporting duty demand and confiscation in principle. At the same time, pre-seizure material indicating accumulation and breakage of tiles was held relevant to the extent of damaged stock, and the quantity was taken at 6,877 cartons for duty computation. The penalty was correspondingly reduced, reflecting limited benefit of doubt where complete itemwise verification was impracticable. en-us Fri, 11 Feb 1994 00:00:00 +0530 Sat, 09 Jul 2011 12:43:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=83062 Contemporaneous stock verification conducted in the presence of the assessee's authorised representatives and recorded in signed panchnamas was treated as reliable evidence to establish excess and shortage in a bonded store room, supporting duty demand and confiscation in principle. At the same time, pre-seizure material indicating accumulation and breakage of tiles was held relevant to the extent of damaged stock, and the quantity was taken at 6,877 cartons for duty computation. The penalty was correspondingly reduced, reflecting limited benefit of doubt where complete itemwise verification was impracticable. Case-Laws Central Excise Fri, 11 Feb 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=83062