https://www.taxtmi.com/caselaws?id=234616 The Tribunal modified the redemption fine, reducing it from Rs.3 lakhs to Rs.1 lakh for fairness. Penalties on the partnership firm were reduced to Rs.1 lakh due to liability for unaccounted goods. Penalties on the partner and authorized signatory were set aside based on legal precedents, with their appeals allowed. Confiscation of finished goods and scrap was upheld, while the redemption fine was adjusted to ensure equity. en-us Wed, 30 Jan 2013 00:00:00 +0530 Wed, 19 Jun 2013 19:00:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234616 The Tribunal modified the redemption fine, reducing it from Rs.3 lakhs to Rs.1 lakh for fairness. Penalties on the partnership firm were reduced to Rs.1 lakh due to liability for unaccounted goods. Penalties on the partner and authorized signatory were set aside based on legal precedents, with their appeals allowed. Confiscation of finished goods and scrap was upheld, while the redemption fine was adjusted to ensure equity. Case-Laws Central Excise Wed, 30 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234616