https://www.taxtmi.com/caselaws?id=105431 The tribunal upheld the confiscation of unaccounted Rice Rubber Rolls found in the factory premises due to discrepancies, ruled that goods cannot be removed without duty payment, and found no evidence supporting the lease agreement between the companies. The redemption fine and penalty were reduced to Rs. 2 lakhs and Rs. 50,000, respectively, based on the circumstances of the case and the interest of justice. The appeals were disposed of with the modified redemption fine and penalty amounts. en-us Mon, 05 Nov 2001 00:00:00 +0530 Mon, 05 Mar 2012 16:32:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105431 The tribunal upheld the confiscation of unaccounted Rice Rubber Rolls found in the factory premises due to discrepancies, ruled that goods cannot be removed without duty payment, and found no evidence supporting the lease agreement between the companies. The redemption fine and penalty were reduced to Rs. 2 lakhs and Rs. 50,000, respectively, based on the circumstances of the case and the interest of justice. The appeals were disposed of with the modified redemption fine and penalty amounts. Case-Laws Central Excise Mon, 05 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105431