https://www.taxtmi.com/caselaws?id=186574 The Tribunal set aside the penalty imposed under Rule 25 of the Central Excise Rules, 2002 on the appellant for not maintaining a daily stock account. The Tribunal found no evidence of fraudulent intent or clandestine removal of goods, noting that the stock account was temporarily unavailable with the Chartered Accountant for VAT returns preparation. Relying on precedent judgments, the Tribunal ruled in favor of the appellant, concluding that without intent to evade duty, the penalty under Rule 25 could not be justified. en-us Mon, 29 Jun 2015 00:00:00 +0530 Fri, 23 Sep 2016 11:41:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186574 The Tribunal set aside the penalty imposed under Rule 25 of the Central Excise Rules, 2002 on the appellant for not maintaining a daily stock account. The Tribunal found no evidence of fraudulent intent or clandestine removal of goods, noting that the stock account was temporarily unavailable with the Chartered Accountant for VAT returns preparation. Relying on precedent judgments, the Tribunal ruled in favor of the appellant, concluding that without intent to evade duty, the penalty under Rule 25 could not be justified. Case-Laws Central Excise Mon, 29 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186574