https://www.taxtmi.com/caselaws?id=95226 The Tribunal held that the confiscation of yarn found outside the bonded store room was not sustainable as the yarn was not in a readily marketable condition at the time of seizure. However, the imposition of a penalty for the non-entry of yarn in statutory records was upheld, as the appellant failed to record the yarn in the appropriate column despite it being required by law. The penalty was considered nominal given the value of the goods, and the appeal was disposed of accordingly. en-us Wed, 08 Nov 2000 00:00:00 +0530 Thu, 08 Dec 2011 18:49:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=95226 The Tribunal held that the confiscation of yarn found outside the bonded store room was not sustainable as the yarn was not in a readily marketable condition at the time of seizure. However, the imposition of a penalty for the non-entry of yarn in statutory records was upheld, as the appellant failed to record the yarn in the appropriate column despite it being required by law. The penalty was considered nominal given the value of the goods, and the appeal was disposed of accordingly. Case-Laws Central Excise Wed, 08 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=95226