https://www.taxtmi.com/caselaws?id=125346 Evaporation loss in tank-wise stock verification had to be computed on a rational production-based basis over the relevant operating period, not by limiting the loss to stock found on the visit date; the computation issue was therefore remanded for fresh determination. A shortage-based duty demand was sustained because it arose from the assessee's own records showing non-accountal of production and was independent of the remand on reclassification. The penalty under the Central Excise Rules, 1944 was also upheld, as the shortages, excess stock, and accountal discrepancies provided no ground for interference merely because one issue was sent back for recomputation. en-us Fri, 06 Mar 2009 00:00:00 +0530 Tue, 23 Oct 2012 11:19:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=125346 Evaporation loss in tank-wise stock verification had to be computed on a rational production-based basis over the relevant operating period, not by limiting the loss to stock found on the visit date; the computation issue was therefore remanded for fresh determination. A shortage-based duty demand was sustained because it arose from the assessee's own records showing non-accountal of production and was independent of the remand on reclassification. The penalty under the Central Excise Rules, 1944 was also upheld, as the shortages, excess stock, and accountal discrepancies provided no ground for interference merely because one issue was sent back for recomputation. Case-Laws Central Excise Fri, 06 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=125346