https://www.taxtmi.com/caselaws?id=99199 Subsequent exemption for captive consumption did not relieve the assessee of the obligation to maintain statutory production records or account for dies at the time they were manufactured and found in stock. The dies were detained when no exemption was in force, and the record showed that only private records were maintained, with no entry in RG-1 or the daily production register. Because the matter turned on non-maintenance of statutory records rather than any confirmed duty demand, confiscation of the dies and the personal penalty were upheld. en-us Fri, 08 Sep 2000 00:00:00 +0530 Wed, 25 Jan 2012 15:45:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99199 Subsequent exemption for captive consumption did not relieve the assessee of the obligation to maintain statutory production records or account for dies at the time they were manufactured and found in stock. The dies were detained when no exemption was in force, and the record showed that only private records were maintained, with no entry in RG-1 or the daily production register. Because the matter turned on non-maintenance of statutory records rather than any confirmed duty demand, confiscation of the dies and the personal penalty were upheld. Case-Laws Central Excise Fri, 08 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99199