https://www.taxtmi.com/caselaws?id=126479 The tribunal upheld penalties imposed on a company and its officials under Rule 25 of the Central Excise Rules, 2002 for non-accounting of excisable goods. The appellate authority reduced fines, but the tribunal required an additional deposit under Section 35F of the Central Excise Act. Compliance with the deposit would result in a waiver of pre-deposit and stay of recovery for the penalties on the officials. The tribunal found Rule 25 applicable without needing mens rea for confiscation, despite the company's argument about maintaining private computerized records. en-us Thu, 18 Jun 2009 00:00:00 +0530 Wed, 21 Nov 2012 13:19:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126479 The tribunal upheld penalties imposed on a company and its officials under Rule 25 of the Central Excise Rules, 2002 for non-accounting of excisable goods. The appellate authority reduced fines, but the tribunal required an additional deposit under Section 35F of the Central Excise Act. Compliance with the deposit would result in a waiver of pre-deposit and stay of recovery for the penalties on the officials. The tribunal found Rule 25 applicable without needing mens rea for confiscation, despite the company's argument about maintaining private computerized records. Case-Laws Central Excise Thu, 18 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126479