https://www.taxtmi.com/caselaws?id=262231 Excise duty demand on shortage of finished goods was held not to be time-barred because the earlier proceeding concerned a different issue and the shortage was shown to persist over the relevant period, justifying invocation of the extended period. The explanation of notional elongation of fabrics was rejected for lack of reliable evidence and because it covered only processed fabrics, while the shortage extended to processed and unprocessed fabrics and made-ups. Allowance for shrinkage had already been given, and the proven stock shortage supported duty, penalty and interest. The order confirming the demand was upheld. en-us Fri, 03 Jul 2015 00:00:00 +0530 Fri, 21 Oct 2016 10:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262231 Excise duty demand on shortage of finished goods was held not to be time-barred because the earlier proceeding concerned a different issue and the shortage was shown to persist over the relevant period, justifying invocation of the extended period. The explanation of notional elongation of fabrics was rejected for lack of reliable evidence and because it covered only processed fabrics, while the shortage extended to processed and unprocessed fabrics and made-ups. Allowance for shrinkage had already been given, and the proven stock shortage supported duty, penalty and interest. The order confirming the demand was upheld. Case-Laws Central Excise Fri, 03 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262231