https://www.taxtmi.com/caselaws?id=90684 Penalty reduction was refused where irregular credit, non-accountal of goods, and related duty contraventions were established. Double credit on the same bills of entry, use of duty-bearing components without payment for repairs, failure to reverse credit on inputs not received back in time, and stock shortages and excesses were treated as substantive contraventions. Subsequent making good of losses did not erase the breaches, and the explanation based on Rule 57F(2) was irrelevant because the parts were used by the assessee itself rather than sent to job workers. No basis was shown to interfere with the Commissioner's discretion, so the penalty was upheld. en-us Tue, 08 Dec 1998 00:00:00 +0530 Mon, 10 Oct 2011 17:34:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90684 Penalty reduction was refused where irregular credit, non-accountal of goods, and related duty contraventions were established. Double credit on the same bills of entry, use of duty-bearing components without payment for repairs, failure to reverse credit on inputs not received back in time, and stock shortages and excesses were treated as substantive contraventions. Subsequent making good of losses did not erase the breaches, and the explanation based on Rule 57F(2) was irrelevant because the parts were used by the assessee itself rather than sent to job workers. No basis was shown to interfere with the Commissioner's discretion, so the penalty was upheld. Case-Laws Central Excise Tue, 08 Dec 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90684