https://www.taxtmi.com/caselaws?id=100912 Penalty under Rule 209A of the Central Excise Rules required proof that the person dealt with excisable goods knowing or having reason to believe they were liable to confiscation. The allegation rested on incorrect invoice particulars said to facilitate credit, but the goods were iron and steel ingots or scrap covered by Modvat credit. As the necessary guilty knowledge was not established, the penalty was not sustainable and was set aside. en-us Wed, 07 Nov 2001 00:00:00 +0530 Tue, 07 Feb 2012 17:30:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100912 Penalty under Rule 209A of the Central Excise Rules required proof that the person dealt with excisable goods knowing or having reason to believe they were liable to confiscation. The allegation rested on incorrect invoice particulars said to facilitate credit, but the goods were iron and steel ingots or scrap covered by Modvat credit. As the necessary guilty knowledge was not established, the penalty was not sustainable and was set aside. Case-Laws Central Excise Wed, 07 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100912