TaxTMI 
TaxTMI 
2007 (4) TMI 113
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....re of readymade garments classifiable under chapter 62 of the Central Excise Tariff Act, 1985. On 4-9-2002, the Central Excise Officers visited the appellant's factory and conducted stock verification of the finished goods. There was shortage and excess of various finished goods. Shri Raj Kumar Sharma, Accounts and Excise Manager of the appellant company in his statement dated 4-9-2002 agreed the ....
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....tatement dated 4-9-2002 on being asked explained the reason for excess of stock and no show cause notice was issued thereon. Further, Shri Shiv Rattan Goyal, Proprietor of the appellant in his statement dated 14-11-2002 on being asked explained the reasons for shortage and no verification was conducted on the basis of the statement and therefore, the demand of duty on shortage is not justified. He....
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.... Ispat Udyog Ltd. v. CCE, Delhi -2005 (186) E.L.T. 465 (Tri.- Del.) 3. The learned authorized representative (DR) on behalf of the Revenue reiterates the findings of the Commissioner (Appeals) He submits that the appellant admitted shortage of the finished goods and, therefore, demand of duty is justified. He further submits that the reasons explained by the appellant for shortage of the goods is....