2005 (2) TMI 225

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..... arts valued about Rs. 10 lakhs with a redemption fine of Rs. 1,00,000/- and imposition of penalty of Rs. 10,000/- on the appellant. 2. I have perused the records and heard both sides. The undisputed facts of the case are that the appellant had informed the jurisdictional Central Excise Superintendent vide letter dated 14th January 2003 that due to depressed market condition, stocks were accumulat .....

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..... dence whatsoever to suggest that the appellant was carrying out or contemplating any clandestine removal and in these circumstances, confiscation and penalty were not justified. 4. Learned SDR has submitted that it is well settled that failure to enter finished goods in the RG-1 register would attract provisions of Rule 173Q of the Central Excise Rules [1992 (61) E.L.T. 240]. 5. The confiscation .....

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