https://www.taxtmi.com/caselaws?id=152191 Excess finished goods and raw material found during inspection indicated excess stock rather than short levy or non-levy, so the matter was treated as one involving confiscation on payment of fine and duty according to the factual position. The recorded statement under section 14 was considered insufficient, by itself, to sustain penalty under section 11AC. On that reasoning, penalty under section 11AC of the Central Excise Act, 1944 was held not imposable where the case did not involve short levy or non-levy. en-us Wed, 23 Sep 2009 00:00:00 +0530 Wed, 26 Jun 2013 12:47:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152191 Excess finished goods and raw material found during inspection indicated excess stock rather than short levy or non-levy, so the matter was treated as one involving confiscation on payment of fine and duty according to the factual position. The recorded statement under section 14 was considered insufficient, by itself, to sustain penalty under section 11AC. On that reasoning, penalty under section 11AC of the Central Excise Act, 1944 was held not imposable where the case did not involve short levy or non-levy. Case-Laws Central Excise Wed, 23 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152191