https://www.taxtmi.com/caselaws?id=89418 Stay and waiver of penalty were refused where the Tribunal relied on the panchnama, the presence of the appellant's officers during the visit, and the absence of any contemporaneous explanation for shortages in inputs and finished goods. The cited precedents were distinguished because they concerned clandestine manufacture, not shortages in recorded stock. The plea of financial hardship was not supported by sufficient grounds, so the appellant was directed to deposit the entire penalty within ten weeks. en-us Thu, 29 Oct 1998 00:00:00 +0530 Mon, 26 Sep 2011 18:50:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=89418 Stay and waiver of penalty were refused where the Tribunal relied on the panchnama, the presence of the appellant's officers during the visit, and the absence of any contemporaneous explanation for shortages in inputs and finished goods. The cited precedents were distinguished because they concerned clandestine manufacture, not shortages in recorded stock. The plea of financial hardship was not supported by sufficient grounds, so the appellant was directed to deposit the entire penalty within ten weeks. Case-Laws Central Excise Thu, 29 Oct 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=89418