https://www.taxtmi.com/caselaws?id=212782 Redemption fine on goods released under bond was held legally sustainable despite no dispute on short payment of duty, but it was reduced in light of the facts and circumstances. Penalty under Rule 26 was also upheld against a corporate body, which was treated as a juristic person for that purpose, but the amount was reduced because duty had not been quantified and the applicable ceiling was limited to Rs.10,000. The appeal succeeded only to the extent of reducing both the redemption fine and the penalty, while the levies themselves were maintained. en-us Tue, 21 Jun 2011 00:00:00 +0530 Wed, 25 Apr 2012 08:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212782 Redemption fine on goods released under bond was held legally sustainable despite no dispute on short payment of duty, but it was reduced in light of the facts and circumstances. Penalty under Rule 26 was also upheld against a corporate body, which was treated as a juristic person for that purpose, but the amount was reduced because duty had not been quantified and the applicable ceiling was limited to Rs.10,000. The appeal succeeded only to the extent of reducing both the redemption fine and the penalty, while the levies themselves were maintained. Case-Laws Central Excise Tue, 21 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212782