https://www.taxtmi.com/caselaws?id=410493 The Appellate Tribunal CESTAT Ahmedabad ruled in favor of the Appellant, setting aside the penalties imposed on both the Appellant company and the Manager. The Tribunal found that the alleged excess stock of MS TMT Bars was part of the ongoing production and properly recorded by the Appellant in a new register due to the officers taking control of the RG-1 Register. The judgment emphasized the importance of accurate recording of production and the need for justifying penalties and confiscation based on factual evidence rather than assumptions. en-us Fri, 30 Jul 2021 00:00:00 +0530 Fri, 15 Apr 2022 12:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410493 The Appellate Tribunal CESTAT Ahmedabad ruled in favor of the Appellant, setting aside the penalties imposed on both the Appellant company and the Manager. The Tribunal found that the alleged excess stock of MS TMT Bars was part of the ongoing production and properly recorded by the Appellant in a new register due to the officers taking control of the RG-1 Register. The judgment emphasized the importance of accurate recording of production and the need for justifying penalties and confiscation based on factual evidence rather than assumptions. Case-Laws Central Excise Fri, 30 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410493