https://www.taxtmi.com/caselaws?id=329486 The Appellate Tribunal set aside the confiscation of raw materials found in excess during a search, ruling that only a penalty for non-maintenance of records could be imposed. The Tribunal referred to precedents in cases like Unimark Remedies Ltd. vs. CCE, Vapi and Kashi Laminators (P) Ltd. Vs. CCE, Lucknow, emphasizing that confiscation and penalties for unaccounted inputs were not permissible. A penalty of Rupees Five Thousand was imposed on the appellant for not maintaining proper records, while no additional penalty was imposed on the partner. The appeals were disposed of accordingly. en-us Mon, 02 May 2016 00:00:00 +0530 Sat, 02 Jul 2016 13:20:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329486 The Appellate Tribunal set aside the confiscation of raw materials found in excess during a search, ruling that only a penalty for non-maintenance of records could be imposed. The Tribunal referred to precedents in cases like Unimark Remedies Ltd. vs. CCE, Vapi and Kashi Laminators (P) Ltd. Vs. CCE, Lucknow, emphasizing that confiscation and penalties for unaccounted inputs were not permissible. A penalty of Rupees Five Thousand was imposed on the appellant for not maintaining proper records, while no additional penalty was imposed on the partner. The appeals were disposed of accordingly. Case-Laws Central Excise Mon, 02 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329486