https://www.taxtmi.com/caselaws?id=53100 The Tribunal upheld the duty liability for the shortage of finished goods and Modvat credit on inputs, dismissing the respondents' cross-objections and allowing the Revenue's appeal. The respondents were found liable to pay duty based on the director's binding admission, with the Tribunal emphasizing the admission's evidentiary value and rejecting the need for actual weighment. The Commissioner (Appeals) decision was set aside, maintaining the order-in-original and affirming the duty and Modvat credit liabilities on the respondents. en-us Thu, 08 Jan 2004 00:00:00 +0530 Mon, 11 Oct 2010 09:55:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53100 The Tribunal upheld the duty liability for the shortage of finished goods and Modvat credit on inputs, dismissing the respondents' cross-objections and allowing the Revenue's appeal. The respondents were found liable to pay duty based on the director's binding admission, with the Tribunal emphasizing the admission's evidentiary value and rejecting the need for actual weighment. The Commissioner (Appeals) decision was set aside, maintaining the order-in-original and affirming the duty and Modvat credit liabilities on the respondents. Case-Laws Central Excise Thu, 08 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53100