2010 (8) TMI 764

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....;The Revenue has filed these appeals against the dropping of penalties and holding that the seized goods are not liable for confiscation. The facts of the case are that the at the time of surprise visit of Audit Party at the appellant premises, it was found that inputs, semi-finished goods and finished goods were tallied on physical verification with the statutory record. But it was found that a q....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....act that the respondents have not entered the scrap generated during the course of manufacture in their statutory record which is mandatory for the respondents to do so. Accordingly, the goods are liable for confiscation and penalties to be imposed on both the respondents. 5. Heard. I have gone through the submissions made by the learned DR and the records before me and after examining the s....