https://www.taxtmi.com/caselaws?id=126593 The appeal was allowed in the case regarding the imposition of a redemption fine in lieu of confiscation of goods under the Central Excise Act. The Larger Bench set aside the redemption fine of Rs. 40,000, ruling against the Revenue. However, in the case of Mr. Prakash M. Patel acquiring goods with knowledge of their non-duty-paid character, the penalty imposed under Rule 26 was upheld, albeit reduced to Rs. 10,000 from Rs. 16,500. The judgments emphasized compliance with excise duty regulations and penalties for offenses committed under the Central Excise Act and Rules. en-us Fri, 13 Mar 2009 00:00:00 +0530 Thu, 22 Nov 2012 14:14:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126593 The appeal was allowed in the case regarding the imposition of a redemption fine in lieu of confiscation of goods under the Central Excise Act. The Larger Bench set aside the redemption fine of Rs. 40,000, ruling against the Revenue. However, in the case of Mr. Prakash M. Patel acquiring goods with knowledge of their non-duty-paid character, the penalty imposed under Rule 26 was upheld, albeit reduced to Rs. 10,000 from Rs. 16,500. The judgments emphasized compliance with excise duty regulations and penalties for offenses committed under the Central Excise Act and Rules. Case-Laws Central Excise Fri, 13 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126593