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2012 (10) TMI 4 - AT - Central ExcisePenalty – Held that:- Appellants had acknowledged while purchasing the goods through suppliers was not prescribed in the aforesaid Notification No. 75/87. Therefore, it appears that the appellants were concerned in acquiring possession of and keeping, concealing, purchasing of the aforesaid goods which they knew and had reasons to believe, were liable for confiscation - penalty upheld Penalty under Rule 209A of the Central Excise Rules – penalty on manager – Held that:- Any person who acquires possession of, or is in any way concerned in transporting, removing, depositing, keeping, concealing, selling or purchasing, or in any other manner deals with, any excisable goods which he knows or has reason to believe are liable to confiscation under the Act or these rules, shall be liable to a penalty - Where regular orders for purchase of the goods were made by the senior officers, appellants should have fully conversant with the provisions of the Central Excise law. Therefore, penalty imposed against them is sustainable
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