https://www.taxtmi.com/caselaws?id=115942 The Appellate Tribunal CESTAT, Chennai, set aside the order for the confiscation of 500 Kgs of yarn not entered in the appellants' books of accounts. The Tribunal found no justification for penal action as there was no evidence of clandestine removal and the goods were present in the factory. Despite the absence of the appellants during the proceedings, the Tribunal ruled in their favor, citing the lack of material contradicting their explanations and arguments. en-us Tue, 22 Feb 2005 00:00:00 +0530 Tue, 05 Jun 2012 18:37:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115942 The Appellate Tribunal CESTAT, Chennai, set aside the order for the confiscation of 500 Kgs of yarn not entered in the appellants' books of accounts. The Tribunal found no justification for penal action as there was no evidence of clandestine removal and the goods were present in the factory. Despite the absence of the appellants during the proceedings, the Tribunal ruled in their favor, citing the lack of material contradicting their explanations and arguments. Case-Laws Central Excise Tue, 22 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115942