https://www.taxtmi.com/caselaws?id=115079 Duty demand and penalty for alleged molasses shortage were held unsustainable where the stock figure was reworked on the basis of tank calibration accepted by the Weights and Measures authorities, reducing the apparent shortage. Even on the higher computation, the shortage was only 1.62% and fell within the loss norm permitted by the Board circular. The deficiency was treated as attributable to natural causes rather than unexplained removal or excess loss, and the demand and penalty were set aside in favour of the assessee. en-us Mon, 14 Feb 2005 00:00:00 +0530 Wed, 23 May 2012 16:07:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115079 Duty demand and penalty for alleged molasses shortage were held unsustainable where the stock figure was reworked on the basis of tank calibration accepted by the Weights and Measures authorities, reducing the apparent shortage. Even on the higher computation, the shortage was only 1.62% and fell within the loss norm permitted by the Board circular. The deficiency was treated as attributable to natural causes rather than unexplained removal or excess loss, and the demand and penalty were set aside in favour of the assessee. Case-Laws Central Excise Mon, 14 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115079