https://www.taxtmi.com/caselaws?id=121758 Non-accounted goods found in a 100% EOU's factory were held liable to confiscation because the unit was still required to maintain proper day-to-day private records of production and clearances, even if statutory registers were not mandated in the prescribed form. The goods were distinct from raw material and were not satisfactorily accounted for, so confiscation was sustained. However, in the absence of any allegation or finding of clandestine removal, the redemption fine and penalty were reduced on leniency grounds. en-us Tue, 29 May 2007 00:00:00 +0530 Mon, 06 Aug 2012 11:29:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121758 Non-accounted goods found in a 100% EOU's factory were held liable to confiscation because the unit was still required to maintain proper day-to-day private records of production and clearances, even if statutory registers were not mandated in the prescribed form. The goods were distinct from raw material and were not satisfactorily accounted for, so confiscation was sustained. However, in the absence of any allegation or finding of clandestine removal, the redemption fine and penalty were reduced on leniency grounds. Case-Laws Central Excise Tue, 29 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121758