https://www.taxtmi.com/caselaws?id=34871 The Tribunal rejected the Department's appeals regarding duty demand and penalty imposition for a shortage of steel ingots during stock verification. While acknowledging the shortage admitted by the firm, the Tribunal emphasized the need for reliable evidence to prove clandestine removal, stating that the mere admission of shortage does not automatically imply misconduct. The decision highlighted the importance of thorough examination and corroborative evidence in cases involving duty demand and penalties based on stock inconsistencies. en-us Fri, 03 Oct 2008 00:00:00 +0530 Fri, 06 Nov 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34871 The Tribunal rejected the Department's appeals regarding duty demand and penalty imposition for a shortage of steel ingots during stock verification. While acknowledging the shortage admitted by the firm, the Tribunal emphasized the need for reliable evidence to prove clandestine removal, stating that the mere admission of shortage does not automatically imply misconduct. The decision highlighted the importance of thorough examination and corroborative evidence in cases involving duty demand and penalties based on stock inconsistencies. Case-Laws Central Excise Fri, 03 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34871