https://www.taxtmi.com/caselaws?id=210658 The appeal challenged the denial of Small Scale Industry (SSI) exemption benefit to the assessee for clearing goods under a brand name belonging to their holding company. The Tribunal upheld the confiscation of goods but reduced the redemption fine to Rs 5000. The penalty under Section 11AC was sustained due to suppression of material facts. The appellant's failure to disclose crucial facts regarding brand name ownership led to the conclusion of intent to evade duty payment, justifying the confiscation and penalty. The judgment emphasizes the importance of full disclosure to tax authorities and the consequences of suppression in tax matters. en-us Tue, 26 Jul 2011 00:00:00 +0530 Sat, 10 Aug 2013 12:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210658 The appeal challenged the denial of Small Scale Industry (SSI) exemption benefit to the assessee for clearing goods under a brand name belonging to their holding company. The Tribunal upheld the confiscation of goods but reduced the redemption fine to Rs 5000. The penalty under Section 11AC was sustained due to suppression of material facts. The appellant's failure to disclose crucial facts regarding brand name ownership led to the conclusion of intent to evade duty payment, justifying the confiscation and penalty. The judgment emphasizes the importance of full disclosure to tax authorities and the consequences of suppression in tax matters. Case-Laws Central Excise Tue, 26 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210658