https://www.taxtmi.com/caselaws?id=92734 Where excisable stock is found short on physical verification, the assessee must satisfactorily explain the discrepancy and show that the RG-1 balance was accurate; in the absence of a complete and credible stock explanation, duty on the short iron and steel scrap was sustained. Confiscation and redemption fine on copper scrap and aluminium scrap were set aside because the record showed no Modvat credit had been taken on the aluminium goods and the copper scrap was covered by exemption notifications, with those factual claims unrebutted by the Department. en-us Wed, 08 Sep 1999 00:00:00 +0530 Fri, 04 Nov 2011 16:47:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92734 Where excisable stock is found short on physical verification, the assessee must satisfactorily explain the discrepancy and show that the RG-1 balance was accurate; in the absence of a complete and credible stock explanation, duty on the short iron and steel scrap was sustained. Confiscation and redemption fine on copper scrap and aluminium scrap were set aside because the record showed no Modvat credit had been taken on the aluminium goods and the copper scrap was covered by exemption notifications, with those factual claims unrebutted by the Department. Case-Laws Central Excise Wed, 08 Sep 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92734