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2016 (3) TMI 661 - AT - Central ExciseDuty demand for alleged shortage in stock - penalty imposed under Section 11 AC - Held that:- Panchanama is silent as to the manner of stock taking. Thus at best, it is a matter of eye estimation made by the inspection team. Thus hold that on the basis of such eye estimation, no conclusion of shortage can be drawn against the appellant. In this view of the matter, the whole proceeding is vitiated. Thus, set aside the impugned order and allow the appeal in favour of assessee
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