https://www.taxtmi.com/caselaws?id=2213 An alleged stock shortage cannot support a duty demand where the assessee promptly explains that only one godown was verified, stock existed in another godown, and there is no corroborative evidence of clandestine removal. For clearances of socks to the Domestic Tariff Area, the applicable levy depends on the relevant period: clearances before 14-5-2001 fall under the main provision, while post-amendment DTA clearances without permission attract the proviso to Section 3(1) of the Central Excise Act, 1944. Duty on the liable clearances is to be worked out on a cum-duty basis. Corresponding penalties must be modified in line with the reduced duty liability. en-us Mon, 11 Jun 2007 00:00:00 +0530 Tue, 15 Apr 2008 16:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2213 An alleged stock shortage cannot support a duty demand where the assessee promptly explains that only one godown was verified, stock existed in another godown, and there is no corroborative evidence of clandestine removal. For clearances of socks to the Domestic Tariff Area, the applicable levy depends on the relevant period: clearances before 14-5-2001 fall under the main provision, while post-amendment DTA clearances without permission attract the proviso to Section 3(1) of the Central Excise Act, 1944. Duty on the liable clearances is to be worked out on a cum-duty basis. Corresponding penalties must be modified in line with the reduced duty liability. Case-Laws Central Excise Mon, 11 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2213