2010 (8) TMI 764

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....for the Respondent. [Order]. -  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 s....

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....he learned DR submitted that it is an admitted fact 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 a....