https://www.taxtmi.com/caselaws?id=107160 Rule 223A of the Central Excise Rules, 1944 permits periodic stocktaking of excisable goods, understood as fully finished goods kept in a bonded store room, rather than fabrics undergoing processing. Stocktaking of goods under process therefore lacks authority under the rule, making duty demands and penalties founded on that exercise untenable. Normal shrinkage in fabric processing further limits comparisons between grey and finished fabrics. Such comparisons may be relevant only when recorded finished goods are examined for possible duty-free removal, not for invoking Rule 223A against unfinished goods. en-us Tue, 10 Dec 2002 00:00:00 +0530 Mon, 19 Mar 2012 11:44:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107160 Rule 223A of the Central Excise Rules, 1944 permits periodic stocktaking of excisable goods, understood as fully finished goods kept in a bonded store room, rather than fabrics undergoing processing. Stocktaking of goods under process therefore lacks authority under the rule, making duty demands and penalties founded on that exercise untenable. Normal shrinkage in fabric processing further limits comparisons between grey and finished fabrics. Such comparisons may be relevant only when recorded finished goods are examined for possible duty-free removal, not for invoking Rule 223A against unfinished goods. Case-Laws Central Excise Tue, 10 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107160