https://www.taxtmi.com/caselaws?id=120682 A CESTAT note addresses excise liability arising from alleged shortage and removal of raw materials without invoices, and confirms that the factual finding of removal was sustained where stock verification and month-wise removals supported the department's case. It also records that interest could not be demanded under Rule 57-I(4) for a period before that rule commenced, as fiscal interest provisions do not operate retrospectively. On penalty, it states that Section 11AC applied prospectively and could not cover removals completed before its commencement, though some penal consequence remained and the penalty was reduced. en-us Thu, 23 Nov 2006 00:00:00 +0530 Mon, 23 Jul 2012 14:54:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120682 A CESTAT note addresses excise liability arising from alleged shortage and removal of raw materials without invoices, and confirms that the factual finding of removal was sustained where stock verification and month-wise removals supported the department's case. It also records that interest could not be demanded under Rule 57-I(4) for a period before that rule commenced, as fiscal interest provisions do not operate retrospectively. On penalty, it states that Section 11AC applied prospectively and could not cover removals completed before its commencement, though some penal consequence remained and the penalty was reduced. Case-Laws Central Excise Thu, 23 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120682