https://www.taxtmi.com/caselaws?id=94135 Where the only established lapse was non-maintenance of the prescribed simplified accounts, and there was no allegation or finding of duty evasion or clandestine removal, confiscation of raw materials, semi-finished goods and finished goods was not justified. The redemption fine was therefore set aside. The admitted record-keeping failure could still attract penalty, but only at a reasonable level, so the penalty was reduced to a nominal amount. en-us Mon, 09 Oct 2000 00:00:00 +0530 Sat, 19 Nov 2011 12:54:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=94135 Where the only established lapse was non-maintenance of the prescribed simplified accounts, and there was no allegation or finding of duty evasion or clandestine removal, confiscation of raw materials, semi-finished goods and finished goods was not justified. The redemption fine was therefore set aside. The admitted record-keeping failure could still attract penalty, but only at a reasonable level, so the penalty was reduced to a nominal amount. Case-Laws Central Excise Mon, 09 Oct 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94135