CESTAT Kolkata Upholds Commissioner's Order on Stock Verification & Confiscation The Appellate Tribunal CESTAT, Kolkata upheld the Commissioner (Appeal) order regarding stock verification and confiscation of goods. The Tribunal ...
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CESTAT Kolkata Upholds Commissioner's Order on Stock Verification & Confiscation
The Appellate Tribunal CESTAT, Kolkata upheld the Commissioner (Appeal) order regarding stock verification and confiscation of goods. The Tribunal affirmed that excess stock did not indicate clandestine removal and reduced the penalty to Rs. 500 for unaccounted goods. The Revenue's appeal was dismissed as the Tribunal found no justification to overturn the Commissioner's decision.
The Appellate Tribunal CESTAT, Kolkata dismissed the Revenue's appeal against the Commissioner (Appeal) order regarding stock verification method and confiscation of goods. The Commissioner held that the stock determination was approximate and excess stock did not imply clandestine removal. The penalty was reduced to Rs. 500 for goods not properly accounted for. The Tribunal found no legal basis to interfere with the Commissioner's order and dismissed the Revenue's appeal.
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