https://www.taxtmi.com/caselaws?id=126386 Penalty under central excise law is said to require proof of the statutory ingredients, including mens rea, before Section 11AC can apply. The text notes that the shortage was detected only during stock verification and that no material showed clandestine removal or clearance of goods. On that basis, it records that the record did not establish the elements necessary to sustain the penalty, and the Revenue's challenge to the reduction of penalty failed. en-us Fri, 15 May 2009 00:00:00 +0530 Tue, 06 Nov 2012 11:10:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126386 Penalty under central excise law is said to require proof of the statutory ingredients, including mens rea, before Section 11AC can apply. The text notes that the shortage was detected only during stock verification and that no material showed clandestine removal or clearance of goods. On that basis, it records that the record did not establish the elements necessary to sustain the penalty, and the Revenue's challenge to the reduction of penalty failed. Case-Laws Central Excise Fri, 15 May 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126386