https://www.taxtmi.com/caselaws?id=122286 Excess stock of molasses found on physical verification was not successfully disputed where the inspection was conducted in the assessee's presence, the assistant general manager's statement on the inspection date admitted the excess stock, and no satisfactory explanation for the discrepancy was given. Dip reading was treated as a recognised method for measuring liquid in tanks, and the assessee's reliance on other precedents failed because those cases turned on different facts and foam allowance had already been given here. Confiscation, redemption fine and penalty were therefore sustained and the appeal was rejected. en-us Fri, 30 Mar 2007 00:00:00 +0530 Sat, 11 Aug 2012 10:52:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122286 Excess stock of molasses found on physical verification was not successfully disputed where the inspection was conducted in the assessee's presence, the assistant general manager's statement on the inspection date admitted the excess stock, and no satisfactory explanation for the discrepancy was given. Dip reading was treated as a recognised method for measuring liquid in tanks, and the assessee's reliance on other precedents failed because those cases turned on different facts and foam allowance had already been given here. Confiscation, redemption fine and penalty were therefore sustained and the appeal was rejected. Case-Laws Central Excise Fri, 30 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122286