https://www.taxtmi.com/caselaws?id=217933 The Tribunal found in favor of the appellant, a sugar and molasses manufacturer, in a case concerning excess sugar stock found during a factory visit. The appellant's explanation of the surplus stock due to a decision to sell at a concessional rate to shareholders was accepted, attributing the excess to a procedural error rather than intentional evasion. The Tribunal noted the Department's failure to adequately investigate the matter and imposed a penalty for procedural irregularity but waived a penalty equal to the duty, with no redemption fine required. The appellant agreed not to claim a refund of the duty already paid. en-us Mon, 22 Oct 2012 00:00:00 +0530 Tue, 30 Oct 2012 14:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217933 The Tribunal found in favor of the appellant, a sugar and molasses manufacturer, in a case concerning excess sugar stock found during a factory visit. The appellant's explanation of the surplus stock due to a decision to sell at a concessional rate to shareholders was accepted, attributing the excess to a procedural error rather than intentional evasion. The Tribunal noted the Department's failure to adequately investigate the matter and imposed a penalty for procedural irregularity but waived a penalty equal to the duty, with no redemption fine required. The appellant agreed not to claim a refund of the duty already paid. Case-Laws Central Excise Mon, 22 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217933