https://www.taxtmi.com/caselaws?id=326817 The tribunal confirmed the duty demand for shortages of sponge iron detected during stock verification. However, it ruled in favor of the appellants on penalty imposition and interest liability, citing the lack of evidence to establish clandestine removal solely based on shortages. The appellants' acceptance of duty liability without protest and the timing of objections raised were crucial factors in the case outcome. The tribunal emphasized the significance of proper stock-taking procedures and the requirement for additional evidence beyond shortages to support penalty imposition. en-us Thu, 31 Mar 2016 00:00:00 +0530 Tue, 26 Apr 2016 10:20:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326817 The tribunal confirmed the duty demand for shortages of sponge iron detected during stock verification. However, it ruled in favor of the appellants on penalty imposition and interest liability, citing the lack of evidence to establish clandestine removal solely based on shortages. The appellants' acceptance of duty liability without protest and the timing of objections raised were crucial factors in the case outcome. The tribunal emphasized the significance of proper stock-taking procedures and the requirement for additional evidence beyond shortages to support penalty imposition. Case-Laws Central Excise Thu, 31 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326817