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2015 (6) TMI 265 - AT - Central ExciseImposition of penalty - Clearance of sugar - whether all the three appellants are required to be visited with penalties imposed under Rule 26 of the Central Excise Rules 2002 - - Held that:- penalty can be imposed on any person who acquires possession of excisable goods which he knows or has reason to believe that the goods are liable for confiscation. In the cases in hand it is not in dispute that the sugar which has been cleared for export purpose was cleared on examination and on debiting of B-1 Bond AR-4 documents. If the bond amount (which is executed for undertaking discharge of duty liability), is debited, and the goods are cleared; the question as to they may be confiscated may not arise and in my considered view all the three appellants could not have any reason to believe that sugar cleared for export is liable for confiscation. Accordingly, in view of the foregoing penalties imposed by the adjudicating authority are set aside
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