2001 (7) TMI 414 - AT - Central Excise

Summary

The appeal was against Order-in-Appeal No. 1081, dated 19-12-2000, where duty demand of about Rs. 86,000/- and penalty of Rs. 50,000/- was upheld on the appellant for shortage of finished goods and raw material. The appellant, a manufacturer of PVC compound, faced shortage during stock taking by Central Excise Officers. The appellant explained that the materials had been sold without duty payment and paid the duty involved. The penalty imposed was reduced to Rs. 10,000/- due to lack of evidence of clandestine removal without duty payment.