https://www.taxtmi.com/caselaws?id=80208 Central Excise duty on molasses was held to depend on actual physical removal from the factory, not on a mere book transfer or change of ownership. The applicable rate was therefore the rate in force on the date of actual removal, and the conditional exemption could not be claimed unless the goods were removed for the specified captive-consumption purpose. The stock was also held liable to confiscation and redemption fine because the assessee failed to prove that the department knew of, or acquiesced in, the alleged book-transfer practice; State Excise endorsements and nil-rate returns could not override the Central Excise requirements. en-us Tue, 10 Feb 1987 00:00:00 +0530 Wed, 15 Jun 2011 14:40:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=80208 Central Excise duty on molasses was held to depend on actual physical removal from the factory, not on a mere book transfer or change of ownership. The applicable rate was therefore the rate in force on the date of actual removal, and the conditional exemption could not be claimed unless the goods were removed for the specified captive-consumption purpose. The stock was also held liable to confiscation and redemption fine because the assessee failed to prove that the department knew of, or acquiesced in, the alleged book-transfer practice; State Excise endorsements and nil-rate returns could not override the Central Excise requirements. Case-Laws Central Excise Tue, 10 Feb 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=80208