https://www.taxtmi.com/caselaws?id=245754 The Appellate Tribunal CESTAT AHMEDABAD set aside the duty demand on excess stock found in the factory of the Appellant, ruling that duty liability arises only upon removal of goods from the factory. Consequently, the penalty under Section 11AC was reduced, potentially leading to a refund for the Appellant. The redemption fine imposed was also reduced based on the Appellant's cooperation and payment history, resulting in a reduced fine of Rs. 35,000. The appeal was disposed of in favor of the Appellant, granting consequential relief. en-us Fri, 30 Sep 2011 00:00:00 +0530 Sat, 05 Apr 2014 18:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245754 The Appellate Tribunal CESTAT AHMEDABAD set aside the duty demand on excess stock found in the factory of the Appellant, ruling that duty liability arises only upon removal of goods from the factory. Consequently, the penalty under Section 11AC was reduced, potentially leading to a refund for the Appellant. The redemption fine imposed was also reduced based on the Appellant's cooperation and payment history, resulting in a reduced fine of Rs. 35,000. The appeal was disposed of in favor of the Appellant, granting consequential relief. Case-Laws Central Excise Fri, 30 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245754