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Central Excise - Highlights / Catch Notes

Home Highlights May 2023 Year 2023 This

Clandestine Removal - shortage of stock - Since it is inherent ...

Central Excise

May 26, 2023

Clandestine Removal - shortage of stock - Since it is inherent from the very nature of estimation of stocks in steel factories that there will be variations between what is reflected in the RG1 and what is actually found, no malafide can be attributed in the discrepancies or inaccuracies found between the two figures which are based on estimates. In the absence of any mala fide, confiscation of goods found in excess stock and imposition of penalty is not warranted. - AT

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