https://www.taxtmi.com/caselaws?id=121813 The case involved a shortage of M.S. scrap detected during physical verification, leading to proceedings for denial of Modvat credit and penalty imposition. The Commissioner (Appeals) overturned the initial order, highlighting verification inadequacies. The tribunal upheld this decision, emphasizing the lack of evidence supporting Revenue's claims and confirming the shortages were not genuine. The judgment stresses the significance of accurate record-keeping and substantial evidence in excise matters. en-us Fri, 22 Jun 2007 00:00:00 +0530 Fri, 03 Nov 2017 11:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121813 The case involved a shortage of M.S. scrap detected during physical verification, leading to proceedings for denial of Modvat credit and penalty imposition. The Commissioner (Appeals) overturned the initial order, highlighting verification inadequacies. The tribunal upheld this decision, emphasizing the lack of evidence supporting Revenue's claims and confirming the shortages were not genuine. The judgment stresses the significance of accurate record-keeping and substantial evidence in excise matters. Case-Laws Central Excise Fri, 22 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121813