https://www.taxtmi.com/caselaws?id=85626 The Tribunal upheld the penalty imposed on the assessees for shortages in finished goods and disallowance of Modvat credit, despite setting aside the duty demand and credit disallowance. The Tribunal found the method used by the assessees to calculate weights based on specific formulae to be reliable, dismissing the argument that physical weighment was necessary. The Tribunal concluded that the Original Authority's findings were accurate, leading to the allowance of the Revenue's appeal and the dismissal of the Order-in-Appeal. en-us Tue, 23 Apr 1996 00:00:00 +0530 Sat, 06 Aug 2011 12:28:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85626 The Tribunal upheld the penalty imposed on the assessees for shortages in finished goods and disallowance of Modvat credit, despite setting aside the duty demand and credit disallowance. The Tribunal found the method used by the assessees to calculate weights based on specific formulae to be reliable, dismissing the argument that physical weighment was necessary. The Tribunal concluded that the Original Authority's findings were accurate, leading to the allowance of the Revenue's appeal and the dismissal of the Order-in-Appeal. Case-Laws Central Excise Tue, 23 Apr 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85626