https://www.taxtmi.com/caselaws?id=101665 Admissions made during inspection, together with shortage of raw materials and unrecorded finished goods, support a finding of clandestine manufacture and removal without payment of central excise duty, so the demand and penalty were sustained on merits. Where clearances crossed the exemption threshold under Notification No. 1/93, duty had to be recomputed at the concessional rate applicable immediately beyond the limit, and the penalty had to be reconsidered on the basis of the re-quantified duty. The matter therefore required fresh quantification of both duty and consequential penalty under the applicable exemption notification. en-us Tue, 29 Jan 2002 00:00:00 +0530 Fri, 10 Feb 2012 15:57:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101665 Admissions made during inspection, together with shortage of raw materials and unrecorded finished goods, support a finding of clandestine manufacture and removal without payment of central excise duty, so the demand and penalty were sustained on merits. Where clearances crossed the exemption threshold under Notification No. 1/93, duty had to be recomputed at the concessional rate applicable immediately beyond the limit, and the penalty had to be reconsidered on the basis of the re-quantified duty. The matter therefore required fresh quantification of both duty and consequential penalty under the applicable exemption notification. Case-Laws Central Excise Tue, 29 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101665