https://www.taxtmi.com/caselaws?id=251303 Shortage-based excise duty demand on pig iron and C.I. skull scrap was treated as requiring readjustment on the basis of the show-cause notice and the stock materials already on record, and the earlier and later shortages were read together for redetermination of liability. Penalty under Section 11AC could not be sustained because no finding had been recorded that the short-payment or non-payment was accompanied by fraud, suppression, wilful misstatement, or intent to evade duty. The penalty was therefore set aside, while the duty issue was left to be redetermined on the adjusted stock position. en-us Mon, 26 Sep 2011 00:00:00 +0530 Wed, 10 Sep 2014 10:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251303 Shortage-based excise duty demand on pig iron and C.I. skull scrap was treated as requiring readjustment on the basis of the show-cause notice and the stock materials already on record, and the earlier and later shortages were read together for redetermination of liability. Penalty under Section 11AC could not be sustained because no finding had been recorded that the short-payment or non-payment was accompanied by fraud, suppression, wilful misstatement, or intent to evade duty. The penalty was therefore set aside, while the duty issue was left to be redetermined on the adjusted stock position. Case-Laws Central Excise Mon, 26 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251303