https://www.taxtmi.com/caselaws?id=120540 Excess excisable stock found in the factory and not accounted for in RG-1 was treated as liable to confiscation under Rule 173Q(1)(b), because unaccounted manufactured or stored goods fall within the confiscatory power. Section 34 of the Central Excise Act, 1944 was applied to support redemption of confiscated goods on payment of fine. The prior view that accepted the excess stock position but did not impose redemption fine was found unsustainable. The Tribunal followed authorities supporting confiscation of unaccounted stock and fixed the redemption fine at Rs. 40,000. en-us Wed, 06 Dec 2006 00:00:00 +0530 Sat, 21 Jul 2012 11:09:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120540 Excess excisable stock found in the factory and not accounted for in RG-1 was treated as liable to confiscation under Rule 173Q(1)(b), because unaccounted manufactured or stored goods fall within the confiscatory power. Section 34 of the Central Excise Act, 1944 was applied to support redemption of confiscated goods on payment of fine. The prior view that accepted the excess stock position but did not impose redemption fine was found unsustainable. The Tribunal followed authorities supporting confiscation of unaccounted stock and fixed the redemption fine at Rs. 40,000. Case-Laws Central Excise Wed, 06 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120540