https://www.taxtmi.com/caselaws?id=206103 Shortage of finished goods found during stock verification, admitted at the time of verification and not satisfactorily explained later, supported the duty demand on the missing televisions. On the alleged MRP misdeclaration under the exchange scheme, the evidence and unretracted statements of officers, the brand owner and dealers showed that lower MRPs were declared while goods were sold at higher prices without a genuine exchange of old televisions, so duty and penalties were upheld. The text also states that in quasi-judicial excise proceedings cross-examination is not an absolute requirement in every case, and that an assessee covered by MRP-based assessment cannot avoid duty by declaring an incorrect MRP. en-us Tue, 23 Nov 2010 00:00:00 +0530 Thu, 13 Oct 2011 00:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206103 Shortage of finished goods found during stock verification, admitted at the time of verification and not satisfactorily explained later, supported the duty demand on the missing televisions. On the alleged MRP misdeclaration under the exchange scheme, the evidence and unretracted statements of officers, the brand owner and dealers showed that lower MRPs were declared while goods were sold at higher prices without a genuine exchange of old televisions, so duty and penalties were upheld. The text also states that in quasi-judicial excise proceedings cross-examination is not an absolute requirement in every case, and that an assessee covered by MRP-based assessment cannot avoid duty by declaring an incorrect MRP. Case-Laws Central Excise Tue, 23 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206103