https://www.taxtmi.com/caselaws?id=288134 Unexplained excess finished goods found in the factory may be liable to confiscation where the manufacturer fails to maintain the prescribed daily stock and production records. In such circumstances, an unsupported explanation for the excess stock may be rejected, although the redemption fine may be moderated on the facts. Likewise, shortage of modvatable inputs that remains unaccounted for can justify confirmation of duty. Payment of duty before issue of show cause notice does not, by itself, extinguish penalty liability for contravention of excise rules, though the penalty may be reduced in the interest of justice. en-us Thu, 17 Jun 2004 00:00:00 +0530 Thu, 21 May 2020 15:10:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288134 Unexplained excess finished goods found in the factory may be liable to confiscation where the manufacturer fails to maintain the prescribed daily stock and production records. In such circumstances, an unsupported explanation for the excess stock may be rejected, although the redemption fine may be moderated on the facts. Likewise, shortage of modvatable inputs that remains unaccounted for can justify confirmation of duty. Payment of duty before issue of show cause notice does not, by itself, extinguish penalty liability for contravention of excise rules, though the penalty may be reduced in the interest of justice. Case-Laws Central Excise Thu, 17 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288134