https://www.taxtmi.com/caselaws?id=53422 The Tribunal set aside penalties imposed under the Central Excise Act on an assessee and an Ex-General Manager for goods not entered in production records. Confiscation of semi-finished goods was released as no evidence of fully manufactured unaccounted goods was found. The Tribunal emphasized that goods requiring testing/approval need not be entered in production records. Penalties and confiscation were overturned, with duty demands on released goods upheld. Duty on seized goods was not confirmed, stressing the importance of accounting for fully manufactured goods for appropriate duty payment. Appeals were allowed, and orders modified accordingly. en-us Tue, 03 Aug 2004 00:00:00 +0530 Wed, 13 Oct 2010 12:56:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53422 The Tribunal set aside penalties imposed under the Central Excise Act on an assessee and an Ex-General Manager for goods not entered in production records. Confiscation of semi-finished goods was released as no evidence of fully manufactured unaccounted goods was found. The Tribunal emphasized that goods requiring testing/approval need not be entered in production records. Penalties and confiscation were overturned, with duty demands on released goods upheld. Duty on seized goods was not confirmed, stressing the importance of accounting for fully manufactured goods for appropriate duty payment. Appeals were allowed, and orders modified accordingly. Case-Laws Central Excise Tue, 03 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53422