https://www.taxtmi.com/caselaws?id=124742 The Tribunal reduced the redemption fine and penalties imposed on an appellant firm, partner, and employee in a case involving non-duty paid unaccounted raw materials and finished goods. The penalties were reduced to Rs. 10 lakhs and Rs. 3 lakhs respectively, with penalties on the partner and employee set aside. The Tribunal emphasized the lack of mens rea for clandestine removal, leading to the reduction in penalties and redemption fine. en-us Fri, 01 Aug 2008 00:00:00 +0530 Fri, 05 Oct 2012 12:32:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124742 The Tribunal reduced the redemption fine and penalties imposed on an appellant firm, partner, and employee in a case involving non-duty paid unaccounted raw materials and finished goods. The penalties were reduced to Rs. 10 lakhs and Rs. 3 lakhs respectively, with penalties on the partner and employee set aside. The Tribunal emphasized the lack of mens rea for clandestine removal, leading to the reduction in penalties and redemption fine. Case-Laws Central Excise Fri, 01 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124742