TMI Blog2014 (9) TMI 70X X X X Extracts X X X X X X X X Extracts X X X X ..... had dealt with goods which he knew was liable for confiscation. In the present case, neither in the show-cause notice nor in the adjudication order, is there any proposal or findings to the effect that the goods are liable to confiscation. In the absence of such a proposal or finding imposition of penalty under Rule 26 cannot be prima facie sustained - waiver from pre-deposit of penalty adjudged a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... td, which was admitted by the appellant herein, who was Managing Director of the appellant firm during the course of investigation. A duty demand of ₹ 5,03,112/- was confirmed along with interest thereon and also imposing equivalent amount of penalty on the asessee, namely, M/s Shri Saptshringi Board Paper Mills Pvt. Ltd. In addition, a penalty of equivalent amount was also imposed under R ..... X X X X Extracts X X X X X X X X Extracts X X X X
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