2012 (9) TMI 876

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.... for the Respondent. ORDER The appellant is engaged in the manufacture of MS Ingots falling under Chapter 72 of the First Schedule of Central Excise Tariff Act, 1985. Their factory was visited by Central Excise Officers on 4-1-2008, who conducted physical verification of the stock of finished goods as also raw material. As per the Panchnama drawn on spot, there was shortage of Runner and Ris....

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....ontended that there was no actual weighment of raw material and the shortages detected were only on eye estimation basis. The said plea of the appellant stand rejected by the authorities below on the ground that the appellant has accepted the said shortages. 4. After hearing both the sides, I find that the issue to be decided in the present appeal is as to whether the statement accepting the sh....