Thursday 19 March 2015

No confiscation of excess/short stocks and no penalty under rule 25, if charge of evasion not invoke

Excise & Customs : Rule 25 can be invoked subject to provisions of section 11AC; hence, if, in show-cause notice, there is no allegation of intention to evade duty, rule 25 cannot be invoked to confiscate excess/short stocks and levy penalty


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