https://www.taxtmi.com/caselaws?id=51695 Stock variation-based excise action cannot rest on visual assessment alone when goods are lying in loose and bale form. Where excess and shortage are worked out without actual weighment, and only by counting bales and bags with an average weight calculation, the verification is unreliable. A company representative's statement, unsupported by independent and cogent evidence, is not enough to sustain duty demand or penal consequences. On this basis, confiscation, redemption fine and penalty were held unsustainable, and the assessee obtained consequential relief. en-us Thu, 31 Oct 2002 00:00:00 +0530 Mon, 27 Sep 2010 16:43:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51695 Stock variation-based excise action cannot rest on visual assessment alone when goods are lying in loose and bale form. Where excess and shortage are worked out without actual weighment, and only by counting bales and bags with an average weight calculation, the verification is unreliable. A company representative's statement, unsupported by independent and cogent evidence, is not enough to sustain duty demand or penal consequences. On this basis, confiscation, redemption fine and penalty were held unsustainable, and the assessee obtained consequential relief. Case-Laws Central Excise Thu, 31 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51695