https://www.taxtmi.com/caselaws?id=332629 Mere excess stock of sponge iron, without affirmative evidence of deliberate non-accountal or clandestine removal, does not justify confiscation; the recorded stock discrepancy and the alleged removal were not corroborated, so confiscation was set aside. Cash recovered from residential premises also could not be treated as sale proceeds of clandestine clearances without proof of nexus to duty evasion, and the absence of a notice to the person from whom it was seized further undermined the case. Because the foundation for confiscation failed, the associated penalty also could not survive, and the confiscatory and penal consequences were annulled. en-us Fri, 16 Sep 2016 00:00:00 +0530 Mon, 17 Oct 2016 12:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332629 Mere excess stock of sponge iron, without affirmative evidence of deliberate non-accountal or clandestine removal, does not justify confiscation; the recorded stock discrepancy and the alleged removal were not corroborated, so confiscation was set aside. Cash recovered from residential premises also could not be treated as sale proceeds of clandestine clearances without proof of nexus to duty evasion, and the absence of a notice to the person from whom it was seized further undermined the case. Because the foundation for confiscation failed, the associated penalty also could not survive, and the confiscatory and penal consequences were annulled. Case-Laws Central Excise Fri, 16 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332629