https://www.taxtmi.com/caselaws?id=213119 The tribunal upheld the duty demand, interest, and penalty imposed on the appellants due to significant shortages of goods in the factory. Despite challenges to the stock taking method and allegations of clandestine removal, the tribunal found the explanations insufficient. The penalty under Section 11AC was reduced to Rs. 50,000 from Rs. 1,77,477, as the evidence did not conclusively prove clandestine removal. The appellant's failure to adequately address the shortages and discrepancies led to the affirmation of the duty demand and interest. en-us Wed, 15 Jun 2011 00:00:00 +0530 Thu, 10 May 2012 08:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213119 The tribunal upheld the duty demand, interest, and penalty imposed on the appellants due to significant shortages of goods in the factory. Despite challenges to the stock taking method and allegations of clandestine removal, the tribunal found the explanations insufficient. The penalty under Section 11AC was reduced to Rs. 50,000 from Rs. 1,77,477, as the evidence did not conclusively prove clandestine removal. The appellant's failure to adequately address the shortages and discrepancies led to the affirmation of the duty demand and interest. Case-Laws Central Excise Wed, 15 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213119