https://www.taxtmi.com/caselaws?id=73476 Non-accountal of gold ornaments was treated as a technical contravention, not a serious breach, where it was the first infraction, the ornaments were stated to be family ornaments already declared, and they had been polished through a certified goldsmith. The delay in making entries in the statutory accounts was not shown to be substantial. On those facts, cancellation or non-renewal of the gold dealers' licence was considered disproportionate to the breach, and renewal was therefore not justified. en-us Fri, 04 Dec 1987 00:00:00 +0530 Sat, 28 Jan 2012 10:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=73476 Non-accountal of gold ornaments was treated as a technical contravention, not a serious breach, where it was the first infraction, the ornaments were stated to be family ornaments already declared, and they had been polished through a certified goldsmith. The delay in making entries in the statutory accounts was not shown to be substantial. On those facts, cancellation or non-renewal of the gold dealers' licence was considered disproportionate to the breach, and renewal was therefore not justified. Case-Laws Central Excise Fri, 04 Dec 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=73476