https://www.taxtmi.com/caselaws?id=289143 Finished goods found in the factory but not entered in statutory records were held liable to confiscation because no private or other reliable record was produced to show that they were otherwise accounted for. Goods released on bond could still attract confiscation and redemption fine, and physical non-availability was not a bar where release had been sought by the assessee; however, the fine was reduced on the facts. A composite penalty imposed cumulatively under Section 11AC of the Central Excise Act and Rule 173Q of the Central Excise Rules was not sustainable and was set aside. en-us Thu, 21 Mar 2002 00:00:00 +0530 Thu, 16 Jul 2020 17:09:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289143 Finished goods found in the factory but not entered in statutory records were held liable to confiscation because no private or other reliable record was produced to show that they were otherwise accounted for. Goods released on bond could still attract confiscation and redemption fine, and physical non-availability was not a bar where release had been sought by the assessee; however, the fine was reduced on the facts. A composite penalty imposed cumulatively under Section 11AC of the Central Excise Act and Rule 173Q of the Central Excise Rules was not sustainable and was set aside. Case-Laws Central Excise Thu, 21 Mar 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289143