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2004 (12) TMI 509

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..... Rao, JDR, for the Respondent. [Order]. -  There is a duty demand of Rs. 1,05,300/- and penalties of Rs. 1,06,000/- and Rs. 2000/-. The duty demand is on the basis that when stock taking was done (by dip reading) in the appellants molasses storage tank by Central Excise Officer on 8-9-1988 there was a shortage of about 280 qtls. Further, the appellant has also declared a shortage of 18....