TMI Blog2018 (5) TMI 98X X X X Extracts X X X X X X X X Extracts X X X X ..... ns of shortages, the Authorized Signatory Shri Yogesh D Patel, in his statement dated 09.12.2011 informed that the goods were cleared without payment of duty, which was later, confirmed by the Director. The order of the Ld. Commissioner (Appeals) upheld, except the quantum of penalty imposed on the Director which is found to be excessive, is reduced. Appeal allowed in part. - E/10779-10780/ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... finished goods, namely, M.S. Pipes, Angles, Waste and Scrap of Iron was noticed and on inquiring the cause of such shortages, the authorized signatory of the appellant informed that the said goods were cleared in the open market without payment of duty. From the statement of the Director Shri Kinnar B Bhandhutia, it was revealed that the said goods were cleared/supplied to their close friends to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ner (Appeals). 4. On going through the impugned order, I find that the duty involved on shortages in the stock of finished goods had been paid by the appellant on the date of visit of the officers and explaining the reasons of shortages, the Authorized Signatory Shri Yogesh D Patel, in his statement dated 09.12.2011 informed that the goods were cleared without payment of duty, which was later, ..... X X X X Extracts X X X X X X X X Extracts X X X X
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