2001 (4) TMI 573

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..... der]. - Appeal is taken up for disposal with the consent of both sides after waiving deposit. 2. In the order impugned in the appeal, the Commissioner (Appeals) has confirmed the order of the Dy. Commissioner impugned before him, imposing under Rule 173Q a penalty of Rs. 1 lakh on the appellant and confiscating goods manufactured by it and permitting them to be redeemed on payment of Rs. 5 .....

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..... been in the bona fide belief that the goods were not required to be entered in the RG1. The provision of Rule 173Q will not apply in the present case there being no clearance of goods with an intent to evade duty. Taking these aspects into account, I reduce the redemption fine from Rs. 5 lakhs to Rs. 1 lakh. Since penalty imposable under Rule 226 cannot exceed Rs. 2000/-, I reduce it to that exten .....

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