https://www.taxtmi.com/caselaws?id=86481 Excess finished goods found within the factory and merely unmatched with the RG 1 register could not be confiscated or subjected to redemption fine absent evidence of clandestine removal or preparation for removal without payment of duty. The tribunal held that unrecorded stock alone did not justify confiscation where no attempt to clear the goods was shown, so those measures were set aside. For the statutory record-keeping lapse, however, a penalty was warranted, but it was reduced to a nominal amount, leaving the assessee liable only to the limited extent of that reduced penalty. en-us Mon, 19 Aug 1996 00:00:00 +0530 Thu, 25 Aug 2011 11:30:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=86481 Excess finished goods found within the factory and merely unmatched with the RG 1 register could not be confiscated or subjected to redemption fine absent evidence of clandestine removal or preparation for removal without payment of duty. The tribunal held that unrecorded stock alone did not justify confiscation where no attempt to clear the goods was shown, so those measures were set aside. For the statutory record-keeping lapse, however, a penalty was warranted, but it was reduced to a nominal amount, leaving the assessee liable only to the limited extent of that reduced penalty. Case-Laws Central Excise Mon, 19 Aug 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=86481