https://www.taxtmi.com/caselaws?id=116448 The tribunal confirmed duty amounting to Rs. 5,87,312 against M/s. Shree Extrusions Ltd. for discrepancies in billet stock consumption without proper documentation. Personal penalties were imposed, but the penalty on the Managing Director was set aside. The appellant received the benefit of doubt regarding the balance quantity of billets found short. The judgment resolved the issues raised, emphasizing the duty confirmation and penalties while considering the retracted statements and allegations of clandestine removal of goods. en-us Thu, 05 May 2005 00:00:00 +0530 Tue, 12 Jun 2012 16:16:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116448 The tribunal confirmed duty amounting to Rs. 5,87,312 against M/s. Shree Extrusions Ltd. for discrepancies in billet stock consumption without proper documentation. Personal penalties were imposed, but the penalty on the Managing Director was set aside. The appellant received the benefit of doubt regarding the balance quantity of billets found short. The judgment resolved the issues raised, emphasizing the duty confirmation and penalties while considering the retracted statements and allegations of clandestine removal of goods. Case-Laws Central Excise Thu, 05 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116448