https://www.taxtmi.com/caselaws?id=99418 A procedural lapse in entering exempt grey cloth in the statutory R.G. 1 register and maintaining accounts did not justify confiscation, because the contravention was confined to delayed accountal rather than any substantive duty evasion. The Tribunal held that confiscation and redemption fine were unwarranted on these facts, and that the penalty for non-maintenance of accounts and improper register entries was limited by Rule 226 to the prescribed maximum. The penalty was therefore reduced to the statutory ceiling in favour of the assessee. en-us Fri, 05 Jan 2001 00:00:00 +0530 Fri, 27 Jan 2012 12:36:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99418 A procedural lapse in entering exempt grey cloth in the statutory R.G. 1 register and maintaining accounts did not justify confiscation, because the contravention was confined to delayed accountal rather than any substantive duty evasion. The Tribunal held that confiscation and redemption fine were unwarranted on these facts, and that the penalty for non-maintenance of accounts and improper register entries was limited by Rule 226 to the prescribed maximum. The penalty was therefore reduced to the statutory ceiling in favour of the assessee. Case-Laws Central Excise Fri, 05 Jan 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99418