2018 (5) TMI 868

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..... Wadhwa : After hearing both the sides, I find that the appellant is engaged in the manufacture of MS Billets and their factory was visited by the Central Excise officer on 6/7th January, 2015. After undertaking stock verification, Revenue entertained a view that 59.20 MT of MS Billets were in excess then recorded balance. Similarly, 25.18 MT of CI scrap was unaccounted in the statutory record. .....

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..... d in statutory record with a malafide intention to remove the same without payment of duty. However, I find that apart of the fact that the weighment were not done physically in respect of entire stock, inasmuch as there are no inventory available but as per recording in the show cause notice, the stock taking was done by undertaking weight of one billet and then multiplying it with number of bill .....

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