https://www.taxtmi.com/caselaws?id=107160 Rule 223A of the Central Excise Rules, 1944 permits periodic stocktaking of excisable goods held as finished goods in the bonded store room and does not authorise stocktaking of goods under process. The article notes that shrinkage is a normal incident in fabric processing and that comparison between grey and finished fabrics is relevant only where finished goods recorded in the books are suspected to have been removed without duty. On that reasoning, duty demand and penalties based on stocktaking of goods under process under Rule 223A were untenable. 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 held as finished goods in the bonded store room and does not authorise stocktaking of goods under process. The article notes that shrinkage is a normal incident in fabric processing and that comparison between grey and finished fabrics is relevant only where finished goods recorded in the books are suspected to have been removed without duty. On that reasoning, duty demand and penalties based on stocktaking of goods under process under Rule 223A were untenable. Case-Laws Central Excise Tue, 10 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107160