No Penalty for Unrecorded Finished Goods in Factory without Evidence of Clandestine Removal

Sharma Steel Rolling Mills Vs Commissioner (CESTAT Delhi) No Penalty for Unrecorded Finished Goods in Factory without Evidence of Clandestine Removal and personal penalty on the employee need not be imposed as he is acting under direction of his employer and there is no evidence of personal benefit. Introduction: In a recent decision by the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) Delhi, the case of Sharma Steel Rolling Mills vs Commissioner has shed light on the issue of imposing penalties on the unaccounted excess stock of finished goods in a factory. The Tribunal overtu...