TaxTMI 
TaxTMI 
2011 (10) TMI 255
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....the verification of stock and records of the appellant's factory on 24.8.2006, shortage of 328.575 MT of MS Ingots and 30 MT excess was found. As regards excess, separate proceedings have been initiated and the same are not part of these proceedings. As regards shortage, duty has been demanded with interest and penalty has been imposed. 2. Learned advocate for appellants submits that whole ....
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....Director, which are corroborating to each other form the basis for the case of the Revenue. The Managing Director had written a letter in October 2006 retracting his statement. Further he submits that no question was asked as to whom the goods have been cleared, no raw material shortage was found during visit of the officers and no other discrepancy was found. He submits that there are several dec....
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....d. In the case of Nissan Thermoware Pvt. Limited - 2011 (266) ELT 45 (Guj.), the Hon'ble High Court of Gujarat took a view that merely based on the shortage of raw material, duty cannot be demanded, treating the raw material to have been used for the manufacture of finished goods. In the case of Shree Laxmi Steel Rolling Mills - 2008 (232) ELT 695 (Tri. Ahmd.), this Tribunal took a view that based....