https://www.taxtmi.com/caselaws?id=74113 Unaccounted gold ornaments found in licensed premises were liable to confiscation where the explanation that part of the stock came from purchases or customer repairs was not contemporaneously disclosed and was unsupported by credible vouchers, affidavits, repair records, or proper accounting. Failure to maintain the required repair register and the inconsistency of the later explanation with the surrounding circumstances supported the finding that it was an afterthought. On that basis, the redemption fine and penalty were also sustained as proportionate to the breach, and the confiscation with monetary sanctions remained in force. en-us Tue, 06 Sep 1988 00:00:00 +0530 Wed, 01 Feb 2012 17:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=74113 Unaccounted gold ornaments found in licensed premises were liable to confiscation where the explanation that part of the stock came from purchases or customer repairs was not contemporaneously disclosed and was unsupported by credible vouchers, affidavits, repair records, or proper accounting. Failure to maintain the required repair register and the inconsistency of the later explanation with the surrounding circumstances supported the finding that it was an afterthought. On that basis, the redemption fine and penalty were also sustained as proportionate to the breach, and the confiscation with monetary sanctions remained in force. Case-Laws Central Excise Tue, 06 Sep 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=74113