2014 (1) TMI 623

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.... Heard both sides. 2. Applicant filed this application for waiver of pre-deposit of duty amount of Rs.2,44,203/- and equal amount of penalty under Section 11AC of Central Excise Act, 1944. 3. The contention of the applicant is that the show cause notice is issued on account of difference in stock of the M.S. Ingots as on 31.03.2005 as reported in the balance sheet and the daily stock register. W....

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....83 MT found on physical verification. Hence the department demanded duty on difference in quantity of 103.196 MT. D.S.A. was rectified to the extent that O.B. in Stock Register on 25.02.2005 was taken as 461.383 M.T. as detected by the officers but this was not reflected in their balance sheet. Since for the same quantity the proceedings have been initiated for second time, Ld. Consultant requeste....