https://www.taxtmi.com/caselaws?id=116593 The penalty imposed on the Executive Director for alleged involvement in clandestine removal of finished goods was set aside as there was no concrete evidence linking him to the substitution of semi-finished goods. The Commissioner reduced the penalty from Rupees five lakh to Rupees 35,000, ultimately allowing the Executive Director's appeal and dismissing the Revenue's appeals. Additionally, the confiscation of semi-finished goods stored with finished goods was overturned as the incomplete nature of the goods rendered them unusable as intended gaskets, leading to the dismissal of the Revenue's appeal on confiscation. en-us Mon, 19 Sep 2005 00:00:00 +0530 Wed, 13 Jun 2012 18:12:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116593 The penalty imposed on the Executive Director for alleged involvement in clandestine removal of finished goods was set aside as there was no concrete evidence linking him to the substitution of semi-finished goods. The Commissioner reduced the penalty from Rupees five lakh to Rupees 35,000, ultimately allowing the Executive Director's appeal and dismissing the Revenue's appeals. Additionally, the confiscation of semi-finished goods stored with finished goods was overturned as the incomplete nature of the goods rendered them unusable as intended gaskets, leading to the dismissal of the Revenue's appeal on confiscation. Case-Laws Central Excise Mon, 19 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116593