2009 (6) TMI 842

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.... Shri S.N. Srivastava, DR, for the Respondent. [Order]. -  The relevant facts of the case, in brief, are that the assessee is engaged in the manufacture of PVC Pipes. On 28-1-2003, the Central Excise Officers visited the assessee's factory and conducted stock verification. The stock of finished goods was tallied with that of RG-I Register. There was shortage of raw materials involving c....

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....Shri H.K. Agarwal, Director of the assessee accepted the shortage but failed to explain the reasons for the shortage. The contention of the ld. DR is that the assessee failed to reason for shortage, it is presumed that the goods were cleared clandestinely. 3. Ld. Advocate on behalf of the assessee submits that the Hon'ble Punjab & Haryana High Court in the case of Commissioner of Central E....