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2007 (6) TMI 359 - AT - Central ExciseDemand - Shortage of inputs - Held that: - there is no evidence on record corroborating the Revenue’s stand that the modvatable input has either been utilized by them in clandestine manufacture of the final product or the same has been cleared from the factory. The Revenue is relying upon the statement of director, which is only to the fact that the visiting officers have found shortage in the stock and nowhere admits that the said scrap stands cleared by them after availing the Modvat credit - Commissioner (Appeals) has rightly concluded that the shortages are psudo and not real - appeal dismissed - decided against Revenue.
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