2019 (11) TMI 724 - SCH - Central Excise

Clandestine removal - TMT Bars - major shortage of finished goods revealed in stock taking - shortage of raw material - statements recorded were not taken ito consideration and was ignored by the Tribunal - principles of natural justice - it was held in the case that Since it is a case of acceptance and failure to explain the huge variation in the stock and the variations were not having been disputed, the demand so made and calculated by the assessing authority was in conformity with the law - HELD THAT - There is no merit in the petition - The special leave petition is dismissed.