https://www.taxtmi.com/caselaws?id=52706 Duty demand on shortage of finished excisable goods found during stock verification was sustained because the panchnama and the director's contemporaneous statement recorded the shortage, and that admission was not retracted promptly. A later witness affidavit filed at the first appellate stage was treated as belated and insufficient to displace the contemporaneous record. The subsequent denial of shortage was viewed as an impermissible late retraction, so no additional evidence was required to confirm the duty demand on the admitted shortage. en-us Fri, 13 Feb 2004 00:00:00 +0530 Thu, 07 Oct 2010 12:54:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52706 Duty demand on shortage of finished excisable goods found during stock verification was sustained because the panchnama and the director's contemporaneous statement recorded the shortage, and that admission was not retracted promptly. A later witness affidavit filed at the first appellate stage was treated as belated and insufficient to displace the contemporaneous record. The subsequent denial of shortage was viewed as an impermissible late retraction, so no additional evidence was required to confirm the duty demand on the admitted shortage. Case-Laws Central Excise Fri, 13 Feb 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52706