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2013 (7) TMI 831 - CESTAT NEW DELHIClandestine Removal of goods - Appellant is engaged in the manufacture of M.S. Ingots - Appellant was not maintaining any records of purchase of raw materials, production of finished goods etc – Held that:- From the statement of melter and chowkidar, and the evidence collected by the Revenue from the electric Department etc, revealed that the appellant was manufacturing M.S. Ingots without making a proper declaration and without maintaining any record etc – After the provisional release of the goods, the same were cleared on payment of duty - the penalty reduced to 25% - redemption fine of Rs. 1,04,600/-,duty involved in respect of seized goods was to the tune of Rs. 68,256/- and as such, redemption fine imposed is much on the higher side. Accordingly, the same is reduced to Rs. 25,000/-.- penalty upon the Director, as the manufacturing unit has already been penalized, penalty reduced to Rs.10,000/-
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