https://www.taxtmi.com/caselaws?id=115557 Redemption fine for confiscated excess cotton yarn was held excessive and reduced on proportionality grounds, with Customs confiscation principles applied mutatis mutandis because the Central Excise Act provides no specific quantum guideline. Penalty under Section 11AC was sustained where clandestine removal was admitted and duty had been paid, as ignorance of central excise law was no defence and the statutory penalty followed the established admission of removal. The appeal succeeded only to the limited extent of reduction of redemption fine, while the penalties for clandestine removal were upheld. en-us Mon, 27 Jun 2005 00:00:00 +0530 Wed, 30 May 2012 18:48:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115557 Redemption fine for confiscated excess cotton yarn was held excessive and reduced on proportionality grounds, with Customs confiscation principles applied mutatis mutandis because the Central Excise Act provides no specific quantum guideline. Penalty under Section 11AC was sustained where clandestine removal was admitted and duty had been paid, as ignorance of central excise law was no defence and the statutory penalty followed the established admission of removal. The appeal succeeded only to the limited extent of reduction of redemption fine, while the penalties for clandestine removal were upheld. Case-Laws Central Excise Mon, 27 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115557