https://www.taxtmi.com/caselaws?id=218760 The Appellate Tribunal set aside the duty demand and penalty of Rs.78,670 concerning sponge iron in a case involving shortages in various stock items. The Tribunal found that the method used to determine the shortage of sponge iron, based on calculated weight without actual weighment, led to inaccurate results. While confirming other demands and penalties, the Tribunal emphasized the necessity of precise assessment to prevent unjust penalties due to pseudo shortages. en-us Thu, 04 Oct 2012 00:00:00 +0530 Thu, 08 Aug 2013 12:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218760 The Appellate Tribunal set aside the duty demand and penalty of Rs.78,670 concerning sponge iron in a case involving shortages in various stock items. The Tribunal found that the method used to determine the shortage of sponge iron, based on calculated weight without actual weighment, led to inaccurate results. While confirming other demands and penalties, the Tribunal emphasized the necessity of precise assessment to prevent unjust penalties due to pseudo shortages. Case-Laws Central Excise Thu, 04 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218760