2004 (2) TMI 184

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....he impugned order, the issue relates to the confiscation of the excess unaccounted goods, imposition of redemption fine and the penalty. 2. I have heard both sides and gone through the record. The perusal of the record shows that 24.695 MT M.S. Bars, on taking physical verification of the stock lying in the factory premises of the respondents, by the Central Excise Officers were found excess th....

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....y found unaccounted and the same is binding on the respondents, especially when it was never retracted by the maker. Under the law, admission is a substantive piece of evidence and can be accepted sufficient and conclusive piece of evidence. Therefore, the impugned order of the Commissioner (Appeals) setting aside the confiscation of the unaccounted goods, redemption fine and penalty cannot be sus....