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2016 (7) TMI 84 - CESTAT CHANDIGARHRaw materials/inputs found in excess at the time of search - confiscation and consequently redemption fine and penalty - Held that:- As the issue has been settled that the inputs found in excess are not liable for confiscation, therefore, hold that the inputs are not liable for confiscation. As the appellant was not maintaining proper account of their inputs, therefore, the penalty is imposable in view of the decision of this Tribunal in the case of Unimark Remedies Ltd. (2005 (6) TMI 197 - CESTAT, MUMBAI ). In the circumstances, impose penalty of ₹ 5,000/- (Rupees Five Thousand) on the appellant for non accounting of raw materials in the statutory records. With regard to the imposition of penalty on the partner Shri Naresh Joshi, hold that as penalty on the main appellant i.e.M/s Mahadev Steel Industries has already been imposed, therefore, no penalty is warranted on Shri Naresh Joshi.
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