https://www.taxtmi.com/caselaws?id=105841 Physical stock shortage was partly offset by computer-generated production records showing identifiable excess vehicles, because those records were treated as more reliable than manual RG 1 entries. After adjustment, duty was sustainable only on the unexplained net shortage of 70 vehicles, and the limitation objection failed because the discrepancy was found on physical verification. On Modvat, spot welding electrodes were treated as inputs used in the welding process, and the later Division Bench view allowing credit was preferred over an earlier contrary Single Member view. Credit was therefore admissible, the disallowance was set aside, and the penalty was reduced substantially. en-us Fri, 11 Sep 1998 00:00:00 +0530 Sat, 10 Mar 2012 11:41:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105841 Physical stock shortage was partly offset by computer-generated production records showing identifiable excess vehicles, because those records were treated as more reliable than manual RG 1 entries. After adjustment, duty was sustainable only on the unexplained net shortage of 70 vehicles, and the limitation objection failed because the discrepancy was found on physical verification. On Modvat, spot welding electrodes were treated as inputs used in the welding process, and the later Division Bench view allowing credit was preferred over an earlier contrary Single Member view. Credit was therefore admissible, the disallowance was set aside, and the penalty was reduced substantially. Case-Laws Central Excise Fri, 11 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105841