https://www.taxtmi.com/caselaws?id=753004 CESTAT Kolkata confirmed Central Excise duty demand based on stock shortages found during joint verification conducted in presence of company director. However, demand for alleged clandestine removal was set aside as computer data recovered from CPUs and pen drives lacked proper authorship identification and corroborative evidence. Penalties on Managing Director and Director were reduced from Rs. 10 lakh each to Rs. 1 lakh each, proportionate to confirmed shortages only. Appeal partially allowed. en-us Wed, 22 May 2024 00:00:00 +0530 Wed, 22 May 2024 16:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753004 CESTAT Kolkata confirmed Central Excise duty demand based on stock shortages found during joint verification conducted in presence of company director. However, demand for alleged clandestine removal was set aside as computer data recovered from CPUs and pen drives lacked proper authorship identification and corroborative evidence. Penalties on Managing Director and Director were reduced from Rs. 10 lakh each to Rs. 1 lakh each, proportionate to confirmed shortages only. Appeal partially allowed. Case-Laws Central Excise Wed, 22 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753004