https://www.taxtmi.com/caselaws?id=128165 The Tribunal set aside the decision to confiscate seized PVC scrap under Central Excise Rules, as the scrap was captively used and fully exempt from duty, rendering non-maintenance of the stock account insufficient grounds for penalty or confiscation. The Tribunal also overturned the penalty imposed on the appellant, ruling that the non-maintenance of the stock account for the exempt scrap did not warrant such sanctions. The requirement to maintain a stock account for excisable goods was deemed unnecessary in this context. en-us Wed, 12 Aug 2009 00:00:00 +0530 Fri, 29 Mar 2013 16:14:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=128165 The Tribunal set aside the decision to confiscate seized PVC scrap under Central Excise Rules, as the scrap was captively used and fully exempt from duty, rendering non-maintenance of the stock account insufficient grounds for penalty or confiscation. The Tribunal also overturned the penalty imposed on the appellant, ruling that the non-maintenance of the stock account for the exempt scrap did not warrant such sanctions. The requirement to maintain a stock account for excisable goods was deemed unnecessary in this context. Case-Laws Central Excise Wed, 12 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=128165