2005 (1) TMI 512

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..... or the Respondent. [Order per : S.S. Sekhon, Member (T)]. After hearing both sides, we consider that the issue is regarding denial of Modvat credit of Rs. 88,854.00 (Rupees eighty-eight thousand eight hundred and fifty-four) on certain inputs found short during stock-taking after the visit of the Officers to the assessee s premises. During the physical stock-taking, balance of the stock .....

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..... re-deposit requirement under Section 35F of the Central Excise Act, 1944. 4. It is an admitted fact that the shortages recorded have been admitted. The explanation of burning loss for the shortage of the inputs in stock, cannot be accepted considering that the shortage of 77 M.T. in case of Sponge Iron and that of 10 M.T. in case of Ferro Maganese, were noticed, and an excess of 5 M.T. in case o .....

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