https://www.taxtmi.com/caselaws?id=114913 Shortage detected during stock verification of molasses was not enough to sustain duty demand and penalties where the assessee explained the difference by evaporation, natural causes and dip reading error, and no evidence of clandestine removal was found. The Board circular recognising condonation of storage loss up to 2% for natural causes supported the explanation, and the reported shortage was stated to be below that level. On that basis, the demand and penalties were held unsustainable and were set aside. en-us Thu, 23 Dec 2004 00:00:00 +0530 Tue, 22 May 2012 12:25:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114913 Shortage detected during stock verification of molasses was not enough to sustain duty demand and penalties where the assessee explained the difference by evaporation, natural causes and dip reading error, and no evidence of clandestine removal was found. The Board circular recognising condonation of storage loss up to 2% for natural causes supported the explanation, and the reported shortage was stated to be below that level. On that basis, the demand and penalties were held unsustainable and were set aside. Case-Laws Central Excise Thu, 23 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114913