https://www.taxtmi.com/caselaws?id=101029 Confiscation of pesticides found in the intercepted tempo was upheld because the goods matched the invoices, yet the requisite duty debit in RG 23A Part II had not been made and the lapse was treated as technical only. Confiscation of excess unaccounted factory stock was also upheld because the goods were absent from statutory records and the explanation for non-entry during audit was rejected. Disallowance of Modvat credit on drums, caps and leads was sustained for want of evidence that drum value formed part of the assessable value, and because wrong availment had been admitted with voluntary debit. The penalty under Rule 173Q was found excessive and reduced. en-us Thu, 10 Jan 2002 00:00:00 +0530 Wed, 08 Feb 2012 13:15:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101029 Confiscation of pesticides found in the intercepted tempo was upheld because the goods matched the invoices, yet the requisite duty debit in RG 23A Part II had not been made and the lapse was treated as technical only. Confiscation of excess unaccounted factory stock was also upheld because the goods were absent from statutory records and the explanation for non-entry during audit was rejected. Disallowance of Modvat credit on drums, caps and leads was sustained for want of evidence that drum value formed part of the assessable value, and because wrong availment had been admitted with voluntary debit. The penalty under Rule 173Q was found excessive and reduced. Case-Laws Central Excise Thu, 10 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101029