https://www.taxtmi.com/caselaws?id=50829 Confiscation of fully finished excess goods was not justified where there was no allegation of clandestine removal, so confiscation was set aside. The non-accountal of those goods was nevertheless established, and a limited penalty was upheld. Modvat credit on inputs found short was also disallowed because the shortage was not satisfactorily explained at stock verification, and the later claim that the inputs had been used in manufacture was found unconvincing. The appeal succeeded only to the extent of removing confiscation, while the remaining adverse findings were maintained. en-us Tue, 09 Oct 2001 00:00:00 +0530 Fri, 17 Sep 2010 15:52:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50829 Confiscation of fully finished excess goods was not justified where there was no allegation of clandestine removal, so confiscation was set aside. The non-accountal of those goods was nevertheless established, and a limited penalty was upheld. Modvat credit on inputs found short was also disallowed because the shortage was not satisfactorily explained at stock verification, and the later claim that the inputs had been used in manufacture was found unconvincing. The appeal succeeded only to the extent of removing confiscation, while the remaining adverse findings were maintained. Case-Laws Central Excise Tue, 09 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50829