https://www.taxtmi.com/caselaws?id=50883 Unexplained shortage of PVC resin was treated as sufficient to sustain the duty demand based on alleged clandestine removal of inputs, because the assessee's explanations were inconsistent and not bona fide. The later plea that part of the shortage reflected actual use at the time of stock-taking was not raised in the show-cause reply, and the remaining explanation about material sticking to bags and labour errors was found to be a revised and unreliable version. The penalty under the Central Excise Rules was set aside because it was imposed without any recorded finding or independent reasoning supporting the levy. en-us Thu, 11 Oct 2001 00:00:00 +0530 Sat, 18 Sep 2010 11:41:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50883 Unexplained shortage of PVC resin was treated as sufficient to sustain the duty demand based on alleged clandestine removal of inputs, because the assessee's explanations were inconsistent and not bona fide. The later plea that part of the shortage reflected actual use at the time of stock-taking was not raised in the show-cause reply, and the remaining explanation about material sticking to bags and labour errors was found to be a revised and unreliable version. The penalty under the Central Excise Rules was set aside because it was imposed without any recorded finding or independent reasoning supporting the levy. Case-Laws Central Excise Thu, 11 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50883