Home Case Index All Cases Central Excise Central Excise + AT Central Excise - 2009 (12) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2009 (12) TMI 829 - CESTAT NEW DELHIClandestine removal - excess unaccounted stock - Held that: - The excess stock found was 12,100 Kgs. of PVC Pipes and compared to the stock as per record, which was 56,805 Kgs. The belated explanation offered for excess stock is not acceptable. It is a clear case of improper maintenance of accounts - However, the charge of attempted clandestine removal cannot be upheld as there was no evidence about such attempt and that there was no evidence of clandestine removal in the past relied upon - while upholding confiscation, the quantum of redemption fine and penalty reduced - appeal allowed - decided partly in favor of assessee.
|