https://www.taxtmi.com/caselaws?id=153512 Mere excess and unaccounted stock found in the factory justified confiscation and redemption fine because the goods were substantially over and above the recorded balance and the accounts were improperly maintained. However, clandestine removal was not established in the absence of direct, corroborative, or admitted evidence, so that finding was not sustained. The company's penalty could not stand on clandestine removal and was instead treated as a lesser penalty under Rule 27 for improper accounting, while the director's penalty was set aside because no specific personal role or contravention was recorded against him. en-us Wed, 30 Dec 2009 00:00:00 +0530 Wed, 24 Jul 2013 15:19:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=153512 Mere excess and unaccounted stock found in the factory justified confiscation and redemption fine because the goods were substantially over and above the recorded balance and the accounts were improperly maintained. However, clandestine removal was not established in the absence of direct, corroborative, or admitted evidence, so that finding was not sustained. The company's penalty could not stand on clandestine removal and was instead treated as a lesser penalty under Rule 27 for improper accounting, while the director's penalty was set aside because no specific personal role or contravention was recorded against him. Case-Laws Central Excise Wed, 30 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=153512