https://www.taxtmi.com/caselaws?id=211480 Penalty under Section 11AC of the Central Excise Act was held unsustainable because the statutory preconditions of fraud, collusion, wilful misstatement, suppression of facts, or contravention with intent to evade duty were not established. The record showed only a shortage of finished goods, with no material linking that shortage to clandestine removal or deliberate duty evasion; on that basis, mere shortage was insufficient to justify penalty and the appeal failed. en-us Mon, 01 Aug 2011 00:00:00 +0530 Thu, 21 Aug 2025 15:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211480 Penalty under Section 11AC of the Central Excise Act was held unsustainable because the statutory preconditions of fraud, collusion, wilful misstatement, suppression of facts, or contravention with intent to evade duty were not established. The record showed only a shortage of finished goods, with no material linking that shortage to clandestine removal or deliberate duty evasion; on that basis, mere shortage was insufficient to justify penalty and the appeal failed. Case-Laws Central Excise Mon, 01 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211480