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2017 (9) TMI 1362 - CESTAT KOLKATAConfiscation - Valuation of stock - case of Revenue is that the officers had erred in evaluating the stock as they had not weighed the stock and their observations were merely as per eye estimation - Held that: - there is no dispute that the appellant failed to record the excess quantity of finished goods in the RG-I register. Thus, there is contravention of the Central Excise Rules, 2002. It is noted that large quantity of finished goods was found in excess. The finished goods found on Physical verification was 151165.28 Kgs and the stock recorded in RG-I register was 113550 Kgs. The quantity of 37615.28 Kgs was found in excess. The appellant has not explained the reason for excess of such large quantity of difference, and therefore, confiscation of goods is justified - the Redemption Fine reduced to ₹ 75,000/- and penalty to ₹ 50,000/- respectively - appeal allowed - decided partly in favor of appellant.
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