https://www.taxtmi.com/caselaws?id=125917 Unaccounted finished goods may be confiscated on proof of admitted non-accountal, even without separate evidence of clandestine removal, and the redemption fine and penalties may be reduced where circumstances justify relief. By contrast, raw materials and semi-finished goods cannot be confiscated merely for non-accountal when no clandestine removal is shown and no specific confiscatory basis is established. The penalty on the authorised signatory was also set aside in relation to the raw materials and semi-finished goods, while confiscation of the finished goods was sustained. en-us Tue, 21 Apr 2009 00:00:00 +0530 Wed, 31 Oct 2012 15:36:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=125917 Unaccounted finished goods may be confiscated on proof of admitted non-accountal, even without separate evidence of clandestine removal, and the redemption fine and penalties may be reduced where circumstances justify relief. By contrast, raw materials and semi-finished goods cannot be confiscated merely for non-accountal when no clandestine removal is shown and no specific confiscatory basis is established. The penalty on the authorised signatory was also set aside in relation to the raw materials and semi-finished goods, while confiscation of the finished goods was sustained. Case-Laws Central Excise Tue, 21 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=125917