https://www.taxtmi.com/caselaws?id=340010 Alleged shortage of inputs required fresh adjudication because the reconciliation statement was not independently examined; the matter was remanded for a reasoned finding on actual shortage. Penalty under Section 11AC was unsustainable on rejected inputs where the dispute was debatable and the demand fell within the normal period; the penalty was set aside. Duty and corresponding penalties on returned duty-paid goods were also not sustainable, as the six-month re-issue requirement was procedural and could not justify fresh duty when D-3 intimation had been filed. Personal penalties on employees were likewise deleted. en-us Mon, 27 Feb 2017 00:00:00 +0530 Fri, 24 Mar 2017 13:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340010 Alleged shortage of inputs required fresh adjudication because the reconciliation statement was not independently examined; the matter was remanded for a reasoned finding on actual shortage. Penalty under Section 11AC was unsustainable on rejected inputs where the dispute was debatable and the demand fell within the normal period; the penalty was set aside. Duty and corresponding penalties on returned duty-paid goods were also not sustainable, as the six-month re-issue requirement was procedural and could not justify fresh duty when D-3 intimation had been filed. Personal penalties on employees were likewise deleted. Case-Laws Central Excise Mon, 27 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340010