https://www.taxtmi.com/caselaws?id=97300 Unexplained shortage of excisable inputs was found during inspection, and the assessee's explanation that part of the stock was in another unit and the balance had been issued for manufacture was not supported by statutory records. A statement recorded under section 14 of the Central Excise Act, admitting the shortage and debiting the duty, was relied upon, and the later retraction after five days was found unexplained. On that basis, the duty demand and penalty were sustained and the challenge failed. en-us Mon, 10 Sep 2001 00:00:00 +0530 Mon, 16 Jan 2012 12:11:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97300 Unexplained shortage of excisable inputs was found during inspection, and the assessee's explanation that part of the stock was in another unit and the balance had been issued for manufacture was not supported by statutory records. A statement recorded under section 14 of the Central Excise Act, admitting the shortage and debiting the duty, was relied upon, and the later retraction after five days was found unexplained. On that basis, the duty demand and penalty were sustained and the challenge failed. Case-Laws Central Excise Mon, 10 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97300