https://www.taxtmi.com/caselaws?id=203165 Duty could not be confirmed on copper wires alleged to have been manufactured from excess copper rods because the earlier finding of excess raw material had been rejected, the rods were not notified goods under the Customs Act, and the department produced no evidence of receipt, manufacture or clearance from such material. Duty on the shortage of finished goods was sustained because the shortage was recorded in the panchnama and admitted by the partner, with no contrary evidence to discredit that record. The statutory penalty under Section 11AC was modified by granting the option to pay duty, interest and reduced penalty within the stipulated time, and the partner's penalty was reduced. en-us Fri, 25 Jun 2010 00:00:00 +0530 Thu, 17 Feb 2011 17:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203165 Duty could not be confirmed on copper wires alleged to have been manufactured from excess copper rods because the earlier finding of excess raw material had been rejected, the rods were not notified goods under the Customs Act, and the department produced no evidence of receipt, manufacture or clearance from such material. Duty on the shortage of finished goods was sustained because the shortage was recorded in the panchnama and admitted by the partner, with no contrary evidence to discredit that record. The statutory penalty under Section 11AC was modified by granting the option to pay duty, interest and reduced penalty within the stipulated time, and the partner's penalty was reduced. Case-Laws Central Excise Fri, 25 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203165