https://www.taxtmi.com/caselaws?id=253220 The High Court upheld the decision of the Tribunal in a Central Excise Appeal, confirming the confiscation of excess stock of HSD Bars and imposition of a penalty under Section 11AC. The Court found that the discrepancies in stock levels, particularly the significant excess of 16 MM bars, indicated an intent to evade excise duty rather than manufacturing loss. Emphasizing the importance of factual findings and intent to evade duty, the judgment affirmed the penalty, highlighting the need for clear explanations for stock variances in compliance with excise regulations. en-us Fri, 16 Dec 2011 00:00:00 +0530 Tue, 18 Nov 2014 20:25:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253220 The High Court upheld the decision of the Tribunal in a Central Excise Appeal, confirming the confiscation of excess stock of HSD Bars and imposition of a penalty under Section 11AC. The Court found that the discrepancies in stock levels, particularly the significant excess of 16 MM bars, indicated an intent to evade excise duty rather than manufacturing loss. Emphasizing the importance of factual findings and intent to evade duty, the judgment affirmed the penalty, highlighting the need for clear explanations for stock variances in compliance with excise regulations. Case-Laws Central Excise Fri, 16 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253220