https://www.taxtmi.com/caselaws?id=2843 Delayed entry of finished goods in the statutory stock register, where contemporaneous records and explanation were not contradicted and no clandestine removal was pleaded, may support confiscation but calls for a calibrated penalty rather than the harshest monetary consequences. On these facts, confiscation was sustained, while the redemption fine and company penalty were reduced. The personal penalty on the commercial manager was set aside because no specific violation or adequate basis for individual liability was recorded. The duty demand remained upheld. en-us Fri, 09 Mar 2007 00:00:00 +0530 Wed, 16 Apr 2008 11:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2843 Delayed entry of finished goods in the statutory stock register, where contemporaneous records and explanation were not contradicted and no clandestine removal was pleaded, may support confiscation but calls for a calibrated penalty rather than the harshest monetary consequences. On these facts, confiscation was sustained, while the redemption fine and company penalty were reduced. The personal penalty on the commercial manager was set aside because no specific violation or adequate basis for individual liability was recorded. The duty demand remained upheld. Case-Laws Central Excise Fri, 09 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2843