https://www.taxtmi.com/caselaws?id=3054 Excess stock of sponge iron found in silo, bags and loose form was quantified through dip reading, average bag weight and estimation of loose stock. On that basis, confiscation was not sustained merely because the alleged excess was computed by estimation, and the confiscation was set aside. The note states that where excess stock is determined on an estimated basis, that computation alone is insufficient to justify confiscation, and the assessee's relief was maintained. en-us Fri, 21 Sep 2007 00:00:00 +0530 Wed, 16 Apr 2008 16:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3054 Excess stock of sponge iron found in silo, bags and loose form was quantified through dip reading, average bag weight and estimation of loose stock. On that basis, confiscation was not sustained merely because the alleged excess was computed by estimation, and the confiscation was set aside. The note states that where excess stock is determined on an estimated basis, that computation alone is insufficient to justify confiscation, and the assessee's relief was maintained. Case-Laws Central Excise Fri, 21 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3054