https://www.taxtmi.com/caselaws?id=113399 Excise liability, confiscation and penalty arise only when goods have reached a marketable excisable stage. The note states that Ald-C-14 was found to be at a maturation stage, and the defence evidence on maturation and marketability was not considered below; non-entry in RG 1 at the distillation stage therefore could not by itself justify confiscation or penalty. The duty demand, interest and related penalties were remanded for fresh examination of records, quantities and the assessee's explanations, while the penalties on the director and technical consultant were set aside because no confiscation survived. en-us Fri, 12 Mar 2004 00:00:00 +0530 Sat, 05 May 2012 11:35:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113399 Excise liability, confiscation and penalty arise only when goods have reached a marketable excisable stage. The note states that Ald-C-14 was found to be at a maturation stage, and the defence evidence on maturation and marketability was not considered below; non-entry in RG 1 at the distillation stage therefore could not by itself justify confiscation or penalty. The duty demand, interest and related penalties were remanded for fresh examination of records, quantities and the assessee's explanations, while the penalties on the director and technical consultant were set aside because no confiscation survived. Case-Laws Central Excise Fri, 12 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113399