CESTAT Chennai: Penalty under Rule 25 Central Excise Rules, 2002 set aside

The Appellate Tribunal CESTAT, Chennai ruled in favor of the appellant, setting aside a penalty imposed under Rule 25 of the Central Excise Rules, 2002. The tribunal upheld the fine but determined that the appellant did not fall under the categories covered by Rule 25. The value of the confiscated goods exceeded Rs.12 lakhs.

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The Appellate Tribunal CESTAT, Chennai ruled in favor of the appellant, a buyer of M.S ingots, challenging a penalty imposed under Rule 25 of the Central Excise Rules, 2002. The tribunal upheld the fine but set aside the penalty as the appellant did not fall under the categories covered by Rule 25. The value of the confiscated goods was over Rs.12 lakhs.

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