https://www.taxtmi.com/caselaws?id=83570 The Appellate Tribunal allowed the appeal, setting aside the order for confiscation of steel ingots, redemption fine, and penalty imposed by the Collector of Central Excise (Appeals). The Tribunal found the methodology used to determine excess stock unreliable as it relied on assumptions and averages without physical weighment of all stock pieces. It distinguished the case from previous ones, emphasizing the lack of sufficient evidence to support the charges. The decision was based on the unreliable method of stock estimation and the absence of concrete evidence, leading to the appeal's success. en-us Thu, 01 Sep 1994 00:00:00 +0530 Thu, 14 Jul 2011 12:40:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=83570 The Appellate Tribunal allowed the appeal, setting aside the order for confiscation of steel ingots, redemption fine, and penalty imposed by the Collector of Central Excise (Appeals). The Tribunal found the methodology used to determine excess stock unreliable as it relied on assumptions and averages without physical weighment of all stock pieces. It distinguished the case from previous ones, emphasizing the lack of sufficient evidence to support the charges. The decision was based on the unreliable method of stock estimation and the absence of concrete evidence, leading to the appeal's success. Case-Laws Income Tax Thu, 01 Sep 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=83570