https://www.taxtmi.com/caselaws?id=123864 Duty demand and penalties based only on raw material stock shortages could not be sustained where material issue notes explained the discrepancy and the shortage remained negligible within the permissible tolerance range. In the absence of any independent evidence of clandestine removal or clearance, mere stock variation was insufficient to uphold the demand. The duty and penalties were therefore set aside in favour of the assessee. en-us Fri, 17 Aug 2007 00:00:00 +0530 Fri, 21 Sep 2012 13:34:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123864 Duty demand and penalties based only on raw material stock shortages could not be sustained where material issue notes explained the discrepancy and the shortage remained negligible within the permissible tolerance range. In the absence of any independent evidence of clandestine removal or clearance, mere stock variation was insufficient to uphold the demand. The duty and penalties were therefore set aside in favour of the assessee. Case-Laws Central Excise Fri, 17 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123864