https://www.taxtmi.com/caselaws?id=354182 Finished goods found within the factory may escape confiscation where the facts show only a short delay in accounting and no indication of clandestine removal; on that basis, confiscation of 132 MT of Bloom/Billet was set aside. By contrast, substantial and unexplained non-accountal of remaining manufactured goods attracted confiscation and penalty under Rule 25 of the Central Excise Rules, 2002 because the statutory scheme treats unrecorded finished goods as liable to confiscation. The redemption fine and penalty were nevertheless moderated on equitable considerations, with the confiscation of the remaining goods sustained but the monetary burden reduced. en-us Fri, 19 Jan 2018 00:00:00 +0530 Thu, 15 Mar 2018 13:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354182 Finished goods found within the factory may escape confiscation where the facts show only a short delay in accounting and no indication of clandestine removal; on that basis, confiscation of 132 MT of Bloom/Billet was set aside. By contrast, substantial and unexplained non-accountal of remaining manufactured goods attracted confiscation and penalty under Rule 25 of the Central Excise Rules, 2002 because the statutory scheme treats unrecorded finished goods as liable to confiscation. The redemption fine and penalty were nevertheless moderated on equitable considerations, with the confiscation of the remaining goods sustained but the monetary burden reduced. Case-Laws Central Excise Fri, 19 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354182