https://www.taxtmi.com/caselaws?id=52840 The Tribunal upheld the confiscation of excess unaccounted goods, finding the method used by the Department valid and the signatory's admission binding on the respondents. The decision to set aside the confiscation was overturned. The respondents were held liable for penalties under Rule 173Q, with the redemption fine and penalty reduced to Rs. 20,000 and Rs. 10,000, respectively. The Tribunal restored the original order-in-original with these modifications, emphasizing the importance of accurate record-keeping and the legal weight of authorized representatives' admissions. en-us Fri, 27 Feb 2004 00:00:00 +0530 Fri, 08 Oct 2010 10:39:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52840 The Tribunal upheld the confiscation of excess unaccounted goods, finding the method used by the Department valid and the signatory's admission binding on the respondents. The decision to set aside the confiscation was overturned. The respondents were held liable for penalties under Rule 173Q, with the redemption fine and penalty reduced to Rs. 20,000 and Rs. 10,000, respectively. The Tribunal restored the original order-in-original with these modifications, emphasizing the importance of accurate record-keeping and the legal weight of authorized representatives' admissions. Case-Laws Central Excise Fri, 27 Feb 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52840