https://www.taxtmi.com/caselaws?id=87961 Revocation of a Certificate of Registration for breach of Rule 57GG was not sustainable in view of earlier decisions of the same Bench, so the revocation was set aside. The penalty was found excessive when compared with similar cases and was reduced to a nominal amount. Interest earned on seized money was held refundable because, once the principal amount was not liable to confiscation, the interest retained on that money had no independent legal basis and had to follow the principal amount back to the assessee. en-us Mon, 09 Feb 1998 00:00:00 +0530 Wed, 14 Sep 2011 11:46:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87961 Revocation of a Certificate of Registration for breach of Rule 57GG was not sustainable in view of earlier decisions of the same Bench, so the revocation was set aside. The penalty was found excessive when compared with similar cases and was reduced to a nominal amount. Interest earned on seized money was held refundable because, once the principal amount was not liable to confiscation, the interest retained on that money had no independent legal basis and had to follow the principal amount back to the assessee. Case-Laws Central Excise Mon, 09 Feb 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87961