https://www.taxtmi.com/caselaws?id=93583 Duty on goods found short from the RG-1 register was sustained where the shortage was admitted at the spot, the duty on the short-found goods was debited the same day, and the later explanation that the goods were in the factory for painting was not supported by contemporaneous evidence. The demand was therefore upheld against the assessee. Penalty under the Central Excise Rules was set aside because the goods were already accounted for in the statutory record before completion of manufacture and no cogent reason or serious statutory violation was shown to justify a punitive consequence. The assessee succeeded only on the penalty issue. en-us Tue, 16 May 2000 00:00:00 +0530 Mon, 14 Nov 2011 15:01:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=93583 Duty on goods found short from the RG-1 register was sustained where the shortage was admitted at the spot, the duty on the short-found goods was debited the same day, and the later explanation that the goods were in the factory for painting was not supported by contemporaneous evidence. The demand was therefore upheld against the assessee. Penalty under the Central Excise Rules was set aside because the goods were already accounted for in the statutory record before completion of manufacture and no cogent reason or serious statutory violation was shown to justify a punitive consequence. The assessee succeeded only on the penalty issue. Case-Laws Central Excise Tue, 16 May 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93583