https://www.taxtmi.com/caselaws?id=124056 The appeal was partly allowed as the Tribunal reduced the redemption fine and penalty imposed on a 100% Export Oriented Unit (EOU) for unaccounted stock. Despite no proof of clandestine removal, the Tribunal upheld the confiscation of goods but decreased the redemption fine and penalty after considering the circumstances. The judgment highlights the necessity for all entities, including 100% EOUs, to maintain proper records to adhere to statutory requirements, ensuring transparency and fair enforcement of penalties. en-us Thu, 03 May 2007 00:00:00 +0530 Tue, 25 Sep 2012 10:41:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124056 The appeal was partly allowed as the Tribunal reduced the redemption fine and penalty imposed on a 100% Export Oriented Unit (EOU) for unaccounted stock. Despite no proof of clandestine removal, the Tribunal upheld the confiscation of goods but decreased the redemption fine and penalty after considering the circumstances. The judgment highlights the necessity for all entities, including 100% EOUs, to maintain proper records to adhere to statutory requirements, ensuring transparency and fair enforcement of penalties. Case-Laws Central Excise Thu, 03 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124056