https://www.taxtmi.com/caselaws?id=102084 Rule 223B(1) required a registered manufacturer to file a pre-budget declaration of stock before Budget Day, and Rule 223B(2) attached confiscation and penal consequences to non-compliance. The text states that complete non-filing, not a mere defect in form, attracted those consequences, and that tallying stock with RG-1 was immaterial to liability under the rule. It also notes that where penalty under the same provision was accepted, the statutory consequences could not be split to retain the penalty while deleting confiscation. Confiscation was therefore upheld, while the redemption fine was reduced to Rs. 10,000. en-us Mon, 22 Apr 2002 00:00:00 +0530 Mon, 13 Feb 2012 16:33:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102084 Rule 223B(1) required a registered manufacturer to file a pre-budget declaration of stock before Budget Day, and Rule 223B(2) attached confiscation and penal consequences to non-compliance. The text states that complete non-filing, not a mere defect in form, attracted those consequences, and that tallying stock with RG-1 was immaterial to liability under the rule. It also notes that where penalty under the same provision was accepted, the statutory consequences could not be split to retain the penalty while deleting confiscation. Confiscation was therefore upheld, while the redemption fine was reduced to Rs. 10,000. Case-Laws Central Excise Mon, 22 Apr 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102084