https://www.taxtmi.com/caselaws?id=244744 Unaccounted finished goods found in the factory, where the RG-1 register had been updated only to an earlier date and showed nil balance, constituted a breach of the duty to maintain a daily account of finished goods. On that basis, confiscation under Rule 25(1)(a) was treated as justified and penalty was attracted for non-entry in the statutory stock register. The confiscation was upheld and the penalty was sustained in principle, although the penalty amount was reduced in view of the overall facts and circumstances. en-us Fri, 18 Oct 2013 00:00:00 +0530 Fri, 07 Mar 2014 07:32:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244744 Unaccounted finished goods found in the factory, where the RG-1 register had been updated only to an earlier date and showed nil balance, constituted a breach of the duty to maintain a daily account of finished goods. On that basis, confiscation under Rule 25(1)(a) was treated as justified and penalty was attracted for non-entry in the statutory stock register. The confiscation was upheld and the penalty was sustained in principle, although the penalty amount was reduced in view of the overall facts and circumstances. Case-Laws Central Excise Fri, 18 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244744