https://www.taxtmi.com/caselaws?id=100826 The Tribunal upheld the imposition and quantum of the redemption fine on traders of HDPE granules whose goods were confiscated for exceeding recorded balance. The Commissioner (Appeals) set aside penalties on the proprietor but upheld the redemption fine. The Tribunal found the redemption fine justified as per the Central Excise Act, considering the goods' value exceeding Rs. 10 lakhs, and rejected the appeal, citing precedents where fines were reduced based on specific circumstances not present in this case. en-us Wed, 05 Dec 2001 00:00:00 +0530 Tue, 07 Feb 2012 12:31:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100826 The Tribunal upheld the imposition and quantum of the redemption fine on traders of HDPE granules whose goods were confiscated for exceeding recorded balance. The Commissioner (Appeals) set aside penalties on the proprietor but upheld the redemption fine. The Tribunal found the redemption fine justified as per the Central Excise Act, considering the goods' value exceeding Rs. 10 lakhs, and rejected the appeal, citing precedents where fines were reduced based on specific circumstances not present in this case. Case-Laws Central Excise Wed, 05 Dec 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100826