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2014 (3) TMI 344 - AT - Central ExciseDuty demand - Confiscation of goods - Imposition of redemption fine - Held that:- appellant has deposited the entire duty before issue of show-cause notice. Accordingly, we uphold the demand of duty along with interest and reduce the penalty to the extent of 25% of duty to be deposited within 30 days from the date of receipt of this order, if not so deposited, penalty equal to duty will be payable. Confiscation of the goods is upheld and imposition of redemption fine is reduced to Rs.30,000 - penalty imposed on the Managing Director Shri R. Manoharan is also upheld - Decided partly in favour of assessee.
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