https://www.taxtmi.com/caselaws?id=201725 The Appellate Tribunal CESTAT, New Delhi upheld the confiscation and penalty imposed on a 100% Export Oriented Unit (EOU) for violating obligations regarding excess stock of marble slabs. Despite the appellant's explanation for the excess stock, the Tribunal found it unconvincing and justified the confiscation and penalty. However, considering the appellant's status and the nature of the violation, the Tribunal exercised discretion to reduce the redemption fine from Rs. 50,000 to Rs. 20,000 and the penalty from Rs. 5,000 to Rs. 2,000. The appeal was disposed of with modified fines, taking into account the circumstances of the case. en-us Wed, 01 Sep 2010 00:00:00 +0530 Thu, 27 Jan 2011 18:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=201725 The Appellate Tribunal CESTAT, New Delhi upheld the confiscation and penalty imposed on a 100% Export Oriented Unit (EOU) for violating obligations regarding excess stock of marble slabs. Despite the appellant's explanation for the excess stock, the Tribunal found it unconvincing and justified the confiscation and penalty. However, considering the appellant's status and the nature of the violation, the Tribunal exercised discretion to reduce the redemption fine from Rs. 50,000 to Rs. 20,000 and the penalty from Rs. 5,000 to Rs. 2,000. The appeal was disposed of with modified fines, taking into account the circumstances of the case. Case-Laws Central Excise Wed, 01 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=201725