https://www.taxtmi.com/caselaws?id=53212 Credit was denied on imported inputs to the extent the goods were short received in the factory compared with the import documents, because credit cannot be retained on quantities not actually received; the explanations based on calibration difference and temperature variation were rejected. The text also states that, although the demand was sustained, the penalty equal to duty was reduced under Section 11AC, and the separate penalty on the manager was set aside, reflecting moderation of penal consequences on the facts. en-us Tue, 03 Feb 2004 00:00:00 +0530 Mon, 11 Oct 2010 16:01:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53212 Credit was denied on imported inputs to the extent the goods were short received in the factory compared with the import documents, because credit cannot be retained on quantities not actually received; the explanations based on calibration difference and temperature variation were rejected. The text also states that, although the demand was sustained, the penalty equal to duty was reduced under Section 11AC, and the separate penalty on the manager was set aside, reflecting moderation of penal consequences on the facts. Case-Laws Central Excise Tue, 03 Feb 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53212