Monday 2 February 2015

Assessee's failure to explain shortage of finished goods would be deemed as an admission of clandest

Excise & Customs : Non-furnishing of explanation of shortage of finished goods and payment of duty thereon is an admission by assessee that goods found short had been removed clandestinely without duty; hence, same is liable to penalty and method used for clandestine removal of goods is not required to be explained by department


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