TMI Blog2016 (7) TMI 1172X X X X Extracts X X X X X X X X Extracts X X X X ..... to be included in the value of the clearance. If the same is done, the clearance of the appellant exceeded the threshold limit of ₹ 1.5 crore as per Notification No. 8/03-CE dated 1.3.2003. Therefore, the appellant was required to be registered on the said date and the appellant has not applied for registration, therefore, I do not any infirmity in the allegation against the appellant made b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lant is manufacturing rounds, square, flats and bars and have been clearing their finished goods at nil rate of duty availing exemption under Notification No. 8/03-CE dated 1.3.2003. On 22.10.2010, the preventive staff of Central Excise division , Mandi Gobindgarh visited the factory premises of the appellant and found that the finished stock of 336.184 MT in their books of accounts but on physica ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e to ₹ 15,000,00/-. Aggrieved with the said order, the appellant is before me. 3. Learned Counsel for the appellant submitted that the clearances were below the threshold limit of ₹ 1.5 crore upto 22.12.2010, therefore, it cannot be alleged that the goods found in stock were meant for clandestine removal, therefore, the goods are not liable for confiscation. Consequently, the redem ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e stock as per books was 366.184 MT but the goods found short of 124.302 MT having the value of ₹ 40,64,675/- which are to be included in the value of the clearance. If the same is done, the clearance of the appellant exceeded the threshold limit of ₹ 1.5 crore as per Notification No. 8/03-CE dated 1.3.2003. Therefore, the appellant was required to be registered on the said date and th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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