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M/s. Manjit Steel Rolling Mills Versus CCE, Chandigarh-I

2016 (7) TMI 1172 - CESTAT CHANDIGARH

Redemption fine and penalty imposed - clandestine removal of goods - non recording of shortage in their statures records - Held that:- In this case, upto 22.12.2010, the stock as per books was 366.184 MT but the goods found short of 124.302 MT having .....

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the appellant was required to be registered on the said date and the appellant has not applied for registration, therefore, I do not any infirmity in the allegation against the appellant made by the Revenue that the goods weighing 211.882 MT in phys .....

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e, therefore, the redemption is reduced to ₹ 1 lakh (one lakh) and penalty to ₹ 50,000/- (fifty thousand). - E/52909/2015 - Final Order No. 60069/2016 - Dated:- 13-5-2016 - Mr. Ashok Jindal, Member (Judicial) Present for the Appellant : S .....

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square, flats and bars and have been clearing their finished goods at nil rate of duty availing exemption under Notification No. 8/03-CE dated 1.3.2003. On 22.10.2010, the preventive staff of Central Excise division , Mandi Gobindgarh visited the fa .....

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₹ 40,64,675/-. As the appellant has not recorded such shortage in their statures records, the value of finished goods sold by them exceeded the threshold limit of SSI exemption limit under Notification No. 8/03-CE dated 1.3.2003 of ₹ 1.5 .....

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₹ 60 lakh and penalty of ₹ 7.13 lakh was imposed on the appellant by the adjudicating authority. On appeal the Ld. Commissioner (A) reduced the redemption fine to ₹ 15,000,00/-. Aggrieved with the said order, the appellant is befor .....

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the goods are not liable for confiscation. Consequently, the redemption fine and penalty ar3e not imposable on the appellant. 4. On the other hand, learned AR opposed the contention of the learned Counsel and submitted that the goods found short at .....

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1.5 crore and as the appellant has not got themselves registered at he time of visit of the preventive staff. In that circumstance, the goods found in physical stock are liable for confiscation as they are meant for clandestine removal. In the circu .....

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