2008 (4) TMI 623

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...., DR, for the Respondent. [Order]. - Heard both sides and perused the records. 2. The relevant facts of the case, in brief, are that on 23-12-2004, the Central Excise Officers visited the Appellant's factory and conducted stock verification. The Central Excise Officers ascertained shortage of inputs. The Manager (Commercial) of the Appellant Company in his statement admitted the shor....

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....ommissioner (Appeals) rejected the appeal filed by the Appellant. 3. After hearing both the sides and on perusal of the records, I find that the Central Excise Officers detected the shortage during the stock verification and the Appellant explained the reasons for shortage and voluntarily debited the duty. Therefore, imposition of penalty under Rule 15 of the Cenvat Credit Rules, 2004 is n....