https://www.taxtmi.com/caselaws?id=350260 The case involved a manufacturing company facing discrepancies in stock during a physical verification by Central Excise Officers. The Adjudicating Authority imposed penalties and duty demands, which were partially upheld by the Commissioner (Appeals). The presiding Member found no fault in the order and set aside penalties under Section 11AC of the Central Excise Act due to lack of evidence of fraud or willful misstatement. The appeal was partly allowed, with the duty demand upheld but penalties rescinded, concluding the legal proceedings on 24.07.2017. en-us Mon, 24 Jul 2017 00:00:00 +0530 Fri, 03 Nov 2017 10:09:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350260 The case involved a manufacturing company facing discrepancies in stock during a physical verification by Central Excise Officers. The Adjudicating Authority imposed penalties and duty demands, which were partially upheld by the Commissioner (Appeals). The presiding Member found no fault in the order and set aside penalties under Section 11AC of the Central Excise Act due to lack of evidence of fraud or willful misstatement. The appeal was partly allowed, with the duty demand upheld but penalties rescinded, concluding the legal proceedings on 24.07.2017. Case-Laws Central Excise Mon, 24 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350260