TMI Blog2007 (3) TMI 439X X X X Extracts X X X X X X X X Extracts X X X X ..... filed these appeals whereby demand was confirmed and penalties imposed in respect of the inputs regarding which credit has been availed. The appellants are engaged in the manufacture of M.S. Ingots and Sponge Iron. On the date of visit, the weighment of raw-material was conducted and it is the case of the revenue that there was shortage of 75 M.T. of sponge iron and demand is raised in respect of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ber of bags into 50 kg. Therefore, it cannot be held that shortage was on eye estimation, however, in respect of loose quantity present in the factory. The contention is that the same was arrived at on eye estimation and the same was admitted by the appellant. Therefore, the demand is rightly made. 4. The case of the revenue is that there was shortage of 75 M.T. of sponge iron which is the raw-m ..... X X X X Extracts X X X X X X X X Extracts X X X X
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