FLEX INDUSTRIES LTD. Vs. COMMISSIONER OF CENTRAL EXCISE

JUDGEMENT

(1.) THE factory of M/s. Flex Industries at Noida (the Assessee) was inspected by the Central Excise Department (the Department) on 19 -1 -1998.

(2.) IN the inspection, certain quantity of inputs were found short as well as certain finished goods were found in excess of the recorded stock.

(3.) THE adjudicating officer by his order dated 24 -5 -1999 imposed a redemption fine of Rs. 3,08,000/ - and the penalty of Rs. 4,00,000/ - under Rule 173Q of the Central Excise Rules.