https://www.taxtmi.com/caselaws?id=120334 Confiscation of yarn in a 100% export oriented unit was held unsustainable where the dispute arose from an alleged stock discrepancy and no statutory form had been prescribed for maintaining the production records required under the applicable rule. The unit had been maintaining production details up to 7 a.m. for the relevant day, while the visiting officer inspected the factory later in the afternoon. In the absence of a prescribed form for the production account, the mere difference noticed at inspection did not justify confiscation, and the redemption fine also could not be sustained. en-us Mon, 13 Nov 2006 00:00:00 +0530 Wed, 18 Jul 2012 15:29:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120334 Confiscation of yarn in a 100% export oriented unit was held unsustainable where the dispute arose from an alleged stock discrepancy and no statutory form had been prescribed for maintaining the production records required under the applicable rule. The unit had been maintaining production details up to 7 a.m. for the relevant day, while the visiting officer inspected the factory later in the afternoon. In the absence of a prescribed form for the production account, the mere difference noticed at inspection did not justify confiscation, and the redemption fine also could not be sustained. Case-Laws Central Excise Mon, 13 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120334