https://www.taxtmi.com/caselaws?id=152472 The Appellate Tribunal CESTAT NEW DELHI upheld the penalties imposed under Section 11AC of the Central Excise Act, 1944 on the appellant and the authorized representative for a shortage of stock. The Adjudicating Authority's decision to penalize the appellant and the representative was justified due to the lack of satisfactory explanations for the missing goods, indicating questionable conduct. The Tribunal found that the penalties were warranted based on the confirmed shortage of stock and the absence of credible defenses. However, the Tribunal reduced the penalty amount for the appellant to 25% of the duty paid and maintained the penalty of Rs. 10,000 on the authorized representative. en-us Thu, 04 Feb 2010 00:00:00 +0530 Tue, 01 Jan 2019 16:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152472 The Appellate Tribunal CESTAT NEW DELHI upheld the penalties imposed under Section 11AC of the Central Excise Act, 1944 on the appellant and the authorized representative for a shortage of stock. The Adjudicating Authority's decision to penalize the appellant and the representative was justified due to the lack of satisfactory explanations for the missing goods, indicating questionable conduct. The Tribunal found that the penalties were warranted based on the confirmed shortage of stock and the absence of credible defenses. However, the Tribunal reduced the penalty amount for the appellant to 25% of the duty paid and maintained the penalty of Rs. 10,000 on the authorized representative. Case-Laws Central Excise Thu, 04 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152472