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2019 (7) TMI 555 - CESTAT CHANDIGARHClandestine manufacture - TMT bars - excess manufactured goods which are not accounted for in the statutory records - confiscation - redemption fine - penalty - HELD THAT:- TMT bars were found in excess lying in their stock without entering in the statutory records manufactured by the appellant. Therefore, due to non maintenance of proper records, the goods are liable for confiscation under Rule 25 of the Central Excise Rules, 2002 - the goods rightly confiscated by the authorities below. Redemption fine - penalty - HELD THAT:- The redemption fine of ₹ 6.50 lakh imposed on the goods is on the higher side, therefore, the redemption fine is reduce to ₹ 4 lakh - penalty is reduced to ₹ 75,000/-. Appeal allowed in part.
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