https://www.taxtmi.com/caselaws?id=342310 Unrecorded excess stock of readymade garments found in a factory, when not reflected in statutory records and not supported by a credible explanation, may be treated as liable to confiscation as goods intended for clandestine clearance; the confiscation was upheld, though the redemption fine was reduced. A shortage of finished garments, which should have been entered in RG-1 and removed on invoices, justified duty demand and penalty because the goods were treated as unaccounted finished stock; the duty liability and penalty were sustained, subject to reduction of penalty. en-us Wed, 26 Apr 2017 00:00:00 +0530 Mon, 01 May 2017 08:57:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342310 Unrecorded excess stock of readymade garments found in a factory, when not reflected in statutory records and not supported by a credible explanation, may be treated as liable to confiscation as goods intended for clandestine clearance; the confiscation was upheld, though the redemption fine was reduced. A shortage of finished garments, which should have been entered in RG-1 and removed on invoices, justified duty demand and penalty because the goods were treated as unaccounted finished stock; the duty liability and penalty were sustained, subject to reduction of penalty. Case-Laws Central Excise Wed, 26 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342310