2004 (1) TMI 547

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... legation against the appellants is that they did not account for certain quantity of the inputs received in their factory in respect of which they took the Modvat credit. It is an undisputed position that, on physical verification of the stock of various inputs, on which the appellants had taken Modvat credit, respective quantities of inputs as detailed in the show cause notice, were found short. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... shortage. 4. Heard both sides. The basic fact of shortage in the input stock, as detailed in the Show Cause Notice has not been disputed. The appellants, despite ample opportunity being available to them, could not produce any documentary evidence to reconcile the shortage. Once the aspect of shortage is established, unless the appellants are in a position to prove the licit manner of disposal .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X