Appellant Faces Demand for Misuse of CENVAT/MODVAT Credit by Concealing Stock Shortages and Manipulating Balances.

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....CENVAT/MODVAT credit - shortage of stock - It is a clear case of suppression of facts where the appellant has deliberately adjusted the shortage, as if it was used in the manufacture of final products, at the end of every month and created fresh opening balance at every month, without making reversal of credit on the shortage of inputs - demand confirmed - HC....