https://www.taxtmi.com/caselaws?id=108294 Clandestine removal of unaccounted goods required duty to be recomputed on a cum-duty basis by applying the MRF formula, because the sale proceeds represented the full price realised. Where duty and penalty were paid within the prescribed period, the Section 11AC penalty was confined to 25% of the redetermined duty. Confiscation of the seized unaccounted goods and appropriation of the security deposit were upheld, but no fresh duty demand could again be raised on the same seized goods once duty was recomputed as directed. en-us Wed, 23 Oct 2002 00:00:00 +0530 Fri, 30 Mar 2012 18:05:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108294 Clandestine removal of unaccounted goods required duty to be recomputed on a cum-duty basis by applying the MRF formula, because the sale proceeds represented the full price realised. Where duty and penalty were paid within the prescribed period, the Section 11AC penalty was confined to 25% of the redetermined duty. Confiscation of the seized unaccounted goods and appropriation of the security deposit were upheld, but no fresh duty demand could again be raised on the same seized goods once duty was recomputed as directed. Case-Laws Central Excise Wed, 23 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108294