https://www.taxtmi.com/caselaws?id=235480 Unrecorded trading goods found in the premises of a first stage dealer were not liable to confiscation where there was no evidence of availment or passing on of credit, and no material suggesting clandestine removal or improper transfer of credit. Mere non-entry of such goods in stock records was insufficient, by itself, to sustain confiscation or penalty. The Commissioner (Appeals) therefore correctly granted relief, and the no-penalty, no-confiscation result was upheld. en-us Wed, 26 Jun 2013 00:00:00 +0530 Wed, 01 Jan 2014 12:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235480 Unrecorded trading goods found in the premises of a first stage dealer were not liable to confiscation where there was no evidence of availment or passing on of credit, and no material suggesting clandestine removal or improper transfer of credit. Mere non-entry of such goods in stock records was insufficient, by itself, to sustain confiscation or penalty. The Commissioner (Appeals) therefore correctly granted relief, and the no-penalty, no-confiscation result was upheld. Case-Laws Central Excise Wed, 26 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235480