https://www.taxtmi.com/caselaws?id=88760 A shortage of excisable goods in a bonded store room justified a duty demand, and the belated retraction of the clerk's statement did not displace the contemporaneous verification record. The demand was not invalid merely because the exact sum was left for later working, though the adjudicating authority should have stated the applicable rate and confined the remaining exercise to arithmetic quantification. By contrast, confiscation of thirty drums found in the finishing room and the penalty under the excise rules were set aside because the record did not establish with sufficient certainty that the goods were fully manufactured and liable to confiscation, and doubt was resolved in favour of the assessee. en-us Fri, 06 Feb 1998 00:00:00 +0530 Wed, 21 Sep 2011 11:11:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88760 A shortage of excisable goods in a bonded store room justified a duty demand, and the belated retraction of the clerk's statement did not displace the contemporaneous verification record. The demand was not invalid merely because the exact sum was left for later working, though the adjudicating authority should have stated the applicable rate and confined the remaining exercise to arithmetic quantification. By contrast, confiscation of thirty drums found in the finishing room and the penalty under the excise rules were set aside because the record did not establish with sufficient certainty that the goods were fully manufactured and liable to confiscation, and doubt was resolved in favour of the assessee. Case-Laws Central Excise Fri, 06 Feb 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88760