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2017 (9) TMI 1550 - AT - Central ExciseClandestine removal - Penalty u/s 11AC - shortage of stock detected during stock verification - Held that: - Shri Gajanand Sharma, Supervisor and authorized signatory of the appellant, in his statement, admitted the clearance of goods of shortage quantity were not recorded in the statutory records & Registers - it is clearly evident that the goods in question were cleared clandestinely - demand of duty with interest justified. The impugned order is upheld subject to the appellant being entitled to the option to pay penalty of 25% of duty as determined, within 30 days from the date of receipt of this order - decided partly in favor of appellant.
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