https://www.taxtmi.com/caselaws?id=48551 Duty demand based on stock shortage was sustained where joint stock verification showed losses beyond the condonable limit under the Board's circular. Rule 223A of the Central Excise Rules was applied to the stock-taking enquiry, and the court accepted that the show-cause notice and adjudication were confined to shortage exceeding the permissible percentage. The assessee's attempt to set off excess shortage in rails against shortage in Z piling was rejected because the two constituted separate and distinct product groups. As the unexplained loss beyond the permissible limit remained attributable to the assessee, the confirmed duty demand and connected penalty were upheld. en-us Thu, 15 Jan 2009 00:00:00 +0530 Thu, 05 Aug 2010 10:54:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=48551 Duty demand based on stock shortage was sustained where joint stock verification showed losses beyond the condonable limit under the Board's circular. Rule 223A of the Central Excise Rules was applied to the stock-taking enquiry, and the court accepted that the show-cause notice and adjudication were confined to shortage exceeding the permissible percentage. The assessee's attempt to set off excess shortage in rails against shortage in Z piling was rejected because the two constituted separate and distinct product groups. As the unexplained loss beyond the permissible limit remained attributable to the assessee, the confirmed duty demand and connected penalty were upheld. Case-Laws Central Excise Thu, 15 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=48551