https://www.taxtmi.com/caselaws?id=151861 Stock shortages falling within the applicable IS tolerance standards were not treated as a basis for duty demand or penalty, because the verification figures remained within the prescribed tolerance range and the record did not show improper exclusion of that margin. The earlier finding that there was no evidence of clandestine removal was left intact, which also supported rejection of the duty, interest, and penalty proposal against the assessee company. The objection concerning the Director-related penalty issue did not succeed, as the appellate authority had not granted relief beyond the scope of the proceedings. en-us Wed, 30 Sep 2009 00:00:00 +0530 Tue, 18 Jun 2013 12:50:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151861 Stock shortages falling within the applicable IS tolerance standards were not treated as a basis for duty demand or penalty, because the verification figures remained within the prescribed tolerance range and the record did not show improper exclusion of that margin. The earlier finding that there was no evidence of clandestine removal was left intact, which also supported rejection of the duty, interest, and penalty proposal against the assessee company. The objection concerning the Director-related penalty issue did not succeed, as the appellate authority had not granted relief beyond the scope of the proceedings. Case-Laws Central Excise Wed, 30 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151861