2015 (10) TMI 1936

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..... nt. ORDER After hearing both the sides, I find that the appellants are engaged in the manufacture of various types of conductors, steel stranded wires, alloy wires, etc. Their factory was visited by the Central Excise officers on 2-1-2008, who conducted various checks and verifications. As a result, shortage in the raw-materials, i.e., steel wire rod and alloy wire rod was detected involving dut .....

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..... ds was confirmed and equal amount of penalty was also imposed. In addition, the officers also confiscated the excess found raw-materials with an option to the appellants to redeem the same on payment of redemption fine of Rs. 1,70,000/- (Rupees one lakh seventy thousand only) and penalty of Rs. 6,75,518/- (Rupees six lakh seventy five thousand five hundred and eighteen only), equivalent to the val .....

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..... been wrongly availed. As such, I set aside the confiscation of excess found raw-materials and imposition of penalty on the said ground. But for confirmation of total duty of Rs. 2,39,973/- (Rupees two lakh thirty nine thousand nine hundred and seventy three only) as not contested, the appeal is otherwise allowed. 5. The appeal is disposed of in the above manner. (Dictated and pronounced in .....

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