https://www.taxtmi.com/caselaws?id=87803 Goods found inside a factory and not entered in statutory records were held not liable to confiscation or redemption fine where they were lying in a bonded store room, not packed, and not shown to be ready for clandestine removal. The absence of RG 1 entries and invoices, by itself, was insufficient to presume removal without payment of duty. However, failure to maintain statutory records remained established and justified penalty, though the amount was reduced as excessive on the facts. The confiscation fine was set aside, while penalty was sustained only to a limited extent, giving the assessee partial relief. en-us Tue, 19 Aug 1997 00:00:00 +0530 Tue, 13 Sep 2011 10:56:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87803 Goods found inside a factory and not entered in statutory records were held not liable to confiscation or redemption fine where they were lying in a bonded store room, not packed, and not shown to be ready for clandestine removal. The absence of RG 1 entries and invoices, by itself, was insufficient to presume removal without payment of duty. However, failure to maintain statutory records remained established and justified penalty, though the amount was reduced as excessive on the facts. The confiscation fine was set aside, while penalty was sustained only to a limited extent, giving the assessee partial relief. Case-Laws Central Excise Tue, 19 Aug 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87803