https://www.taxtmi.com/caselaws?id=269835 Confiscation of marble slabs found lying within the factory premises was held unsustainable because Rule 24 was directed at seizure of goods on which duty had not been paid, and the stock could not be treated as liable to confiscation merely for not being reflected in the daily stock account. The Tribunal also found no evidence of mala fide intent or clandestine removal, so the consequential redemption fine and penalties were not justified. A penalty invoked under Section 117 of the Customs Act, 1962 was found inapplicable, and the Revenue appeal was rejected. en-us Tue, 25 Mar 2014 00:00:00 +0530 Wed, 23 Dec 2015 09:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269835 Confiscation of marble slabs found lying within the factory premises was held unsustainable because Rule 24 was directed at seizure of goods on which duty had not been paid, and the stock could not be treated as liable to confiscation merely for not being reflected in the daily stock account. The Tribunal also found no evidence of mala fide intent or clandestine removal, so the consequential redemption fine and penalties were not justified. A penalty invoked under Section 117 of the Customs Act, 1962 was found inapplicable, and the Revenue appeal was rejected. Case-Laws Central Excise Tue, 25 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269835