https://www.taxtmi.com/caselaws?id=100338 Shortages of raw material and finished goods found on stock verification were treated as established because the partner of the appellant admitted the shortages and voluntarily debited the duty amount, so the objection that no physical verification was carried out was rejected. The only interference made was on quantum: the personal penalty was considered excessive on the facts and reduced from Rs. 50,000 to Rs. 25,000, while the impugned order was otherwise upheld. en-us Wed, 04 Oct 2000 00:00:00 +0530 Wed, 01 Feb 2012 10:36:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100338 Shortages of raw material and finished goods found on stock verification were treated as established because the partner of the appellant admitted the shortages and voluntarily debited the duty amount, so the objection that no physical verification was carried out was rejected. The only interference made was on quantum: the personal penalty was considered excessive on the facts and reduced from Rs. 50,000 to Rs. 25,000, while the impugned order was otherwise upheld. Case-Laws Central Excise Wed, 04 Oct 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100338