https://www.taxtmi.com/caselaws?id=436574 The Tribunal upheld duty demand and penalties against the appellants for shortages in raw material and finished goods. The yield production basis for duty demand was rejected due to lack of explanation for shortages. Appellants were required to reverse Cenvat credit taken on raw material with interest. Duty demand for finished goods shortage was upheld due to evidence of illegal activity. Appellants were held liable to pay duty and interest, with reduced penalty for one appellant. Appeals were disposed of accordingly. en-us Thu, 06 Apr 2023 00:00:00 +0530 Fri, 20 Feb 2026 17:21:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436574 The Tribunal upheld duty demand and penalties against the appellants for shortages in raw material and finished goods. The yield production basis for duty demand was rejected due to lack of explanation for shortages. Appellants were required to reverse Cenvat credit taken on raw material with interest. Duty demand for finished goods shortage was upheld due to evidence of illegal activity. Appellants were held liable to pay duty and interest, with reduced penalty for one appellant. Appeals were disposed of accordingly. Case-Laws Central Excise Thu, 06 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436574