https://www.taxtmi.com/caselaws?id=126689 Admission of shortage and sale of finished goods in the open market without invoice was treated as sufficient proof of clandestine removal, making penalty under section 11AC of the Central Excise Act, 1944 leviable on the assessee and also warranting penalty on the partner. Where the duty and 25% of the duty as penalty had been deposited before issuance of the show cause notice, the assessee's penalty was confined to the statutory reduced amount of 25% of duty. The partner's penalty was also reduced to Rs. 10,000, and the appellate order was set aside to that extent. en-us Mon, 08 Jun 2009 00:00:00 +0530 Tue, 04 Dec 2012 16:33:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126689 Admission of shortage and sale of finished goods in the open market without invoice was treated as sufficient proof of clandestine removal, making penalty under section 11AC of the Central Excise Act, 1944 leviable on the assessee and also warranting penalty on the partner. Where the duty and 25% of the duty as penalty had been deposited before issuance of the show cause notice, the assessee's penalty was confined to the statutory reduced amount of 25% of duty. The partner's penalty was also reduced to Rs. 10,000, and the appellate order was set aside to that extent. Case-Laws Central Excise Mon, 08 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126689