https://www.taxtmi.com/caselaws?id=152607 The Tribunal upheld the duty demand against M/s. Rhydburg Pharmaceuticals Ltd. for a stock shortage of raw materials. The penalty under Section 11AC was reduced, and the penalty on the Director was set aside. The company was found liable for penalty under Rule 27 due to improper stock account maintenance. The Department's allegations of clandestine removal were not substantiated, leading to the modifications in penalties. en-us Wed, 03 Mar 2010 00:00:00 +0530 Mon, 08 Jul 2013 10:54:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152607 The Tribunal upheld the duty demand against M/s. Rhydburg Pharmaceuticals Ltd. for a stock shortage of raw materials. The penalty under Section 11AC was reduced, and the penalty on the Director was set aside. The company was found liable for penalty under Rule 27 due to improper stock account maintenance. The Department's allegations of clandestine removal were not substantiated, leading to the modifications in penalties. Case-Laws Central Excise Wed, 03 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152607