https://www.taxtmi.com/caselaws?id=352223 The Tribunal set aside the confiscation and penalty imposed on a company and its General Manager for excess aluminum scrap found in the factory premises. Despite the scrap not being recorded in the official register, its presence in the private production stock register led the Tribunal to deem the confiscation unsustainable. The penalties were overturned as the goods were internally documented, emphasizing the significance of accurate accounting practices to avoid such consequences in excise matters. The judgment underscores the necessity of proper record-keeping to prevent confiscation and penalties in similar cases. en-us Mon, 16 Oct 2017 00:00:00 +0530 Mon, 11 Dec 2017 07:42:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352223 The Tribunal set aside the confiscation and penalty imposed on a company and its General Manager for excess aluminum scrap found in the factory premises. Despite the scrap not being recorded in the official register, its presence in the private production stock register led the Tribunal to deem the confiscation unsustainable. The penalties were overturned as the goods were internally documented, emphasizing the significance of accurate accounting practices to avoid such consequences in excise matters. The judgment underscores the necessity of proper record-keeping to prevent confiscation and penalties in similar cases. Case-Laws Central Excise Mon, 16 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352223