https://www.taxtmi.com/caselaws?id=102859 Shortage of goods reflected in RT-12 returns was treated as dutiable removal where the assessee failed to produce contemporaneous records showing entry in RG-1 and subsequent re-processing or process loss. On that evidentiary footing, excise duty was held demandable on the shortage of seamless tubes and pipes. The Tribunal, however, held that a penalty equal to the duty was not justified because the shortage had been disclosed in the returns and the circumstances did not warrant full penalisation. The penalty was therefore reduced to a lower amount, reflecting partial relief despite confirmation of the duty demand. en-us Tue, 10 Sep 2002 00:00:00 +0530 Thu, 16 Feb 2012 15:19:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102859 Shortage of goods reflected in RT-12 returns was treated as dutiable removal where the assessee failed to produce contemporaneous records showing entry in RG-1 and subsequent re-processing or process loss. On that evidentiary footing, excise duty was held demandable on the shortage of seamless tubes and pipes. The Tribunal, however, held that a penalty equal to the duty was not justified because the shortage had been disclosed in the returns and the circumstances did not warrant full penalisation. The penalty was therefore reduced to a lower amount, reflecting partial relief despite confirmation of the duty demand. Case-Laws Central Excise Tue, 10 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102859