2004 (3) TMI 529

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... [Order]. - Heard both sides and on considering the issue it is found - (a)        Appellants admit that the goods not accounted in production record viz RG-1 were in bulk form and are delivered in containers, of the buyers, as per the practice. The practice was to fill in barrels/tankers and thereafter weigh and enter in the RG-1 record. The goods are not acco .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ee. However keeping in mind that the goods were within the factory, the liability to confiscation under Rule 173Q is not called for. The same is set aside. The penalty on the assessee of Rs. 1 lakh is considered to be reasonable in the facts and circumstances of this case. However, it is found that the penalty imposed is only Rs. 50,000. Therefore the same is confirmed. (c)     .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X