https://www.taxtmi.com/caselaws?id=41883 The excise account-maintenance scheme under Rule 173G(4) read with Rules 53 and 226 required recording of production, storage and materials received or consumed, but it did not expressly demand instantaneous entry of raw materials in Form IV on arrival in the factory. The Court held that Form IV could be maintained as a running, date-wise account with balances taken at the end of working hours, and in the absence of a clear statutory requirement for immediate receipt entry, non-compliance was not established. Confiscation, penalty and revisional orders were therefore unsustainable and were set aside. en-us Wed, 25 Mar 1987 00:00:00 +0530 Mon, 07 Jun 2010 17:06:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=41883 The excise account-maintenance scheme under Rule 173G(4) read with Rules 53 and 226 required recording of production, storage and materials received or consumed, but it did not expressly demand instantaneous entry of raw materials in Form IV on arrival in the factory. The Court held that Form IV could be maintained as a running, date-wise account with balances taken at the end of working hours, and in the absence of a clear statutory requirement for immediate receipt entry, non-compliance was not established. Confiscation, penalty and revisional orders were therefore unsustainable and were set aside. Case-Laws Central Excise Wed, 25 Mar 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=41883