https://www.taxtmi.com/caselaws?id=338868 Marginal shortage of inputs was not sustained as a recoverable demand where the shortage was examined against the actual barrel weight and the assessee's earlier reversal with interest already covered the discrepancy, so the Revenue's challenge failed. Penalties on the directors were sustained because the records reflected acknowledged irregularities. The company's penalty under Rule 173Q was set aside because the notice and order did not specify the precise clause allegedly contravened, and a penal provision with distinct clauses requires clear identification of the exact breach before penalty can be imposed. en-us Tue, 24 Jan 2017 00:00:00 +0530 Thu, 16 Feb 2017 16:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338868 Marginal shortage of inputs was not sustained as a recoverable demand where the shortage was examined against the actual barrel weight and the assessee's earlier reversal with interest already covered the discrepancy, so the Revenue's challenge failed. Penalties on the directors were sustained because the records reflected acknowledged irregularities. The company's penalty under Rule 173Q was set aside because the notice and order did not specify the precise clause allegedly contravened, and a penal provision with distinct clauses requires clear identification of the exact breach before penalty can be imposed. Case-Laws Central Excise Tue, 24 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338868