https://www.taxtmi.com/caselaws?id=210411 The Tribunal upheld the duty demand of Rs.4,44,783/- and penalty of Rs.1,11,196/- imposed under the Customs Act on a shortage of 2200.56 gms of platinum found during stock-taking. The appellant's claims for adjustments towards wastage and recovery of platinum from waste were rejected, as they had already admitted the shortage and paid the duty. The Tribunal dismissed the appeal, affirming the duty demand and penalty imposed by the Commissioner. en-us Tue, 02 Aug 2011 00:00:00 +0530 Mon, 13 Feb 2012 14:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210411 The Tribunal upheld the duty demand of Rs.4,44,783/- and penalty of Rs.1,11,196/- imposed under the Customs Act on a shortage of 2200.56 gms of platinum found during stock-taking. The appellant's claims for adjustments towards wastage and recovery of platinum from waste were rejected, as they had already admitted the shortage and paid the duty. The Tribunal dismissed the appeal, affirming the duty demand and penalty imposed by the Commissioner. Case-Laws Customs Tue, 02 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210411