Home Case Index All Cases Central Excise Central Excise + AT Central Excise - 2015 (11) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (11) TMI 1555 - AT - Central ExciseDemand - duty alongwith interest redemption fine and equal penalty - unaccounted stock of impugned goods found, which was not accounted in the RG1 Register - appellant assessee is regularly paying excise duty on goods cleared - Held that:- the appellant assessee is regularly paying the excise duty on the goods cleared by them. In the present case, the paper was in reel form and were waiting for order confirmation from the customers for cross cutting into printing and writing papers of required sizes so as to call it as finished goods. There was no attempt on their part to clear any goods without payment of duty. Therefore, by respectfully following the ratio laid down by the co-ordinate Bench of this Tribunal, it is found that the seized goods were not ready for removal from the factory but waiting for order confirmation from the customers. For non-maintenance of record, penalty under the provision of Rule 25 is imposable. Therefore, the penalty is reduced under the said provision on M/s. Aaditiya Aswin Paper Mills Pvt. Ltd. to ₹ 2,500/- and the redemption fine is waived. - Decided partly in favour of assessee
|