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<h1>Appellate Tribunal Confirms Liability for Excess Stock Confiscation with Reduced Penalties</h1> <h3>RAJGANGPUR ISPAT UDYOG Versus COMMISSIONER OF C. EX., BHUBANESWAR</h3> RAJGANGPUR ISPAT UDYOG Versus COMMISSIONER OF C. EX., BHUBANESWAR - 1998 (104) E.L.T. 737 (Tribunal) The Appellate Tribunal upheld the liability for confiscation of excess stock of twisted bars of iron & steel found in a truck. The fines and penalties imposed were reduced to Rs. 5,000 for penalty, Rs. 5,000 for goods, and Rs. 2,500 for the truck. The appellant may be entitled to a refund if fines and penalties have already been paid.