https://www.taxtmi.com/caselaws?id=210854 Where excisable finished goods were found in excess of recorded stock and inputs were short in the accounts, the Allahabad HC upheld the finding of violation of Rule 173Q of the Central Excise Rules. The Court treated the failure to maintain proper accounts as attracting confiscation and penalty under Rule 173Q(1)(b), and held that reversal of input credit for the shortage did not undo the accounting lapse for the excess goods. It further noted that, on the facts, the surrounding circumstances supported more than a mere clerical error. The redemption fine and penalty were therefore sustained as lawful. en-us Mon, 07 Feb 2011 00:00:00 +0530 Thu, 06 Jun 2013 17:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210854 Where excisable finished goods were found in excess of recorded stock and inputs were short in the accounts, the Allahabad HC upheld the finding of violation of Rule 173Q of the Central Excise Rules. The Court treated the failure to maintain proper accounts as attracting confiscation and penalty under Rule 173Q(1)(b), and held that reversal of input credit for the shortage did not undo the accounting lapse for the excess goods. It further noted that, on the facts, the surrounding circumstances supported more than a mere clerical error. The redemption fine and penalty were therefore sustained as lawful. Case-Laws Central Excise Mon, 07 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210854