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2011 (6) TMI 628 - AT - Central ExciseShortage – clandestine removal - shortage of goods in four different categories of finished goods – Held that:- authorised signatory vide his statement recorded under Section 14 admitted the shortage but strangely expressed his inability to explain, shortage cannot be presumed to be a case of clandestine removal in the absence of other evidence corroborating the same - however charge of improper maintenance of accounts is established - duty demand along with interest is upheld, Penalty imposed under Section 11AC is converted into a penalty under Rule 25 and the same is reduced
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