https://www.taxtmi.com/caselaws?id=87066 Finished excisable goods found in stock but not reflected in statutory records can attract confiscation and penalty under Rule 209 even without proof of actual removal or intent to evade duty. Physical presence of the goods in the factory does not, by itself, negate non-accounting where the statutory records do not tally, and explanations based on accounting mistakes or computer-report discrepancies may be insufficient. On the facts, the discrepancy was treated as not serious in relation to the business operations, so the confiscation and penalty were sustained in principle but both the fine and penalty were substantially reduced. en-us Fri, 01 Aug 1997 00:00:00 +0530 Fri, 02 Sep 2011 15:28:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87066 Finished excisable goods found in stock but not reflected in statutory records can attract confiscation and penalty under Rule 209 even without proof of actual removal or intent to evade duty. Physical presence of the goods in the factory does not, by itself, negate non-accounting where the statutory records do not tally, and explanations based on accounting mistakes or computer-report discrepancies may be insufficient. On the facts, the discrepancy was treated as not serious in relation to the business operations, so the confiscation and penalty were sustained in principle but both the fine and penalty were substantially reduced. Case-Laws Central Excise Fri, 01 Aug 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87066