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2017 (3) TMI 233 - HC - Central ExciseClandestine removal - excess stock of finished stock found in the premises - non-maintenance of registers - confiscation - redemption fine - Held that: - assessee have admitted that they have not maintained statutory records with an intent to remove the same without preparation of invoices and without payment of any duty. They have also admitted that the good found were finished goods. Therefore, proper registers were required to be maintained - confiscation upheld. Redemption fine - Held that: - taking a very lenient view the learned tribunal itself has reduced the redemption fine from ₹ 4,91,000/- to ₹ 1,00,00/- and has also reduced the penalty from ₹ 10,000/- to ₹ 2000/- only. In the facts and circumstances of the case, it cannot be said that the learned tribunal has committed any error. Appeal dismissed - decided against assessee.
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