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2017 (6) TMI 763 - CESTAT DELHIShortage of finished goods and raw material - clandestine removal - Held that: - the appellant has not been able to prove that there was no shortage of finished goods and they did not clear the said goods clandestinely without payment of duty - Once the Chief Executive officer of the appellant assessee viz. Shri D.G.K. Nair admitted the shortage and appellant assessee paid the duty for the goods found short voluntarily, the plea of the appellant now that there was no shortage does not have sound footing. The Hon’ble Supreme Court in the case of CCE Vs. Systems & Components Pvt. Ltd. [2004 (2) TMI 65 - SUPREME COURT OF INDIA] observed that it is basic and settled law that what is admitted need not be proved. Appeal dismissed - decided against assessee.
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