https://www.taxtmi.com/caselaws?id=97936 Shortages of processed and grey man-made fabrics, where measured from the meterage shown on tags attached to each than and supported by the assessee's own accountal method, were treated as actual shortages, so the duty demand was sustained. Confiscation of finished man-made fabrics was also upheld because the declared value was found incorrect, and the redemption fine was not reduced. However, penalty and consequential interest were set aside because the statutory ingredients for invoking extended penal liability were not established, leaving the assessee liable only to the substantive demand and confiscation. en-us Tue, 03 Jul 2001 00:00:00 +0530 Wed, 18 Jan 2012 16:09:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97936 Shortages of processed and grey man-made fabrics, where measured from the meterage shown on tags attached to each than and supported by the assessee's own accountal method, were treated as actual shortages, so the duty demand was sustained. Confiscation of finished man-made fabrics was also upheld because the declared value was found incorrect, and the redemption fine was not reduced. However, penalty and consequential interest were set aside because the statutory ingredients for invoking extended penal liability were not established, leaving the assessee liable only to the substantive demand and confiscation. Case-Laws Central Excise Tue, 03 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97936