https://www.taxtmi.com/caselaws?id=120905 Penalty and redemption fine were held unsustainable where the assessee operated under a small-scale exemption regime, no duty demand was raised, and the only allegation was non-maintenance of proper production records. The Tribunal noted that the Revenue did not establish that the value of unaccounted goods crossed the exemption limit, and relied on the view that maintenance of production or clearance records was not required for the exemption benefit. On that basis, confiscation-linked monetary consequences were not made out, and the penalty and redemption fine were set aside. en-us Tue, 09 Jan 2007 00:00:00 +0530 Wed, 25 Jul 2012 12:58:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120905 Penalty and redemption fine were held unsustainable where the assessee operated under a small-scale exemption regime, no duty demand was raised, and the only allegation was non-maintenance of proper production records. The Tribunal noted that the Revenue did not establish that the value of unaccounted goods crossed the exemption limit, and relied on the view that maintenance of production or clearance records was not required for the exemption benefit. On that basis, confiscation-linked monetary consequences were not made out, and the penalty and redemption fine were set aside. Case-Laws Central Excise Tue, 09 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120905