https://www.taxtmi.com/caselaws?id=124193 Duty on excisable goods found within factory premises could not be confirmed merely because the stock was unaccounted, since duty becomes payable on clearance and the record did not show removal from the factory. Confiscation based only on non-entry in RG-1 and a retracted partner's statement was not sustainable, as there was no independent tangible evidence of intended clandestine removal. The penalty on the firm was confined to the admitted record-keeping lapse, while the separate penalty on the partner was set aside. en-us Thu, 29 Mar 2007 00:00:00 +0530 Wed, 26 Sep 2012 16:08:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124193 Duty on excisable goods found within factory premises could not be confirmed merely because the stock was unaccounted, since duty becomes payable on clearance and the record did not show removal from the factory. Confiscation based only on non-entry in RG-1 and a retracted partner's statement was not sustainable, as there was no independent tangible evidence of intended clandestine removal. The penalty on the firm was confined to the admitted record-keeping lapse, while the separate penalty on the partner was set aside. Case-Laws Central Excise Thu, 29 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124193