https://www.taxtmi.com/caselaws?id=50980 Physical shortage of marble slabs and tiles, unsupported by any evidence of an alternative accounting basis, justified upholding the duty demand because the assessee failed to rebut the stock discrepancy found on verification. Allegations of clandestine clearance without invoice and without payment of duty with intent to evade brought the case within Section 11AC, so the statutory penalty was sustained. As the Section 11AC penalty was considered sufficient, the additional penalties under the Central Excise Rules and the personal penalty on the Managing Director were set aside. en-us Wed, 25 Jul 2001 00:00:00 +0530 Tue, 21 Sep 2010 11:25:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50980 Physical shortage of marble slabs and tiles, unsupported by any evidence of an alternative accounting basis, justified upholding the duty demand because the assessee failed to rebut the stock discrepancy found on verification. Allegations of clandestine clearance without invoice and without payment of duty with intent to evade brought the case within Section 11AC, so the statutory penalty was sustained. As the Section 11AC penalty was considered sufficient, the additional penalties under the Central Excise Rules and the personal penalty on the Managing Director were set aside. Case-Laws Central Excise Wed, 25 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50980