https://www.taxtmi.com/caselaws?id=54482 Duty demand on physically verified shortage of tyres was sustained because the officers found 602 tyres short, the authorised signatory admitted the shortage, and the explanation that the goods were still in the packing section was unsupported by contemporaneous records. By contrast, the duty demand on alleged shortage of nylon tyre cord fabric was set aside because it rested only on a presumed shortage derived from standard input-output norms, without evidence of actual removal, clandestine clearance, or reversal of Modvat credit. The penalty was consequently reduced, as part of it was linked to the unsustainable fabric demand and was not justified at the level originally imposed. en-us Mon, 14 Feb 2005 00:00:00 +0530 Tue, 04 Jun 2024 18:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54482 Duty demand on physically verified shortage of tyres was sustained because the officers found 602 tyres short, the authorised signatory admitted the shortage, and the explanation that the goods were still in the packing section was unsupported by contemporaneous records. By contrast, the duty demand on alleged shortage of nylon tyre cord fabric was set aside because it rested only on a presumed shortage derived from standard input-output norms, without evidence of actual removal, clandestine clearance, or reversal of Modvat credit. The penalty was consequently reduced, as part of it was linked to the unsustainable fabric demand and was not justified at the level originally imposed. Case-Laws Central Excise Mon, 14 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54482