https://www.taxtmi.com/caselaws?id=236090 The Tribunal held that the confiscation of raw material, including plastic film, by the Jurisdictional Assistant Commissioner under Central Excise Rules was unsustainable as no wrongful Cenvat credit was proven. While the confiscation of plastic film was upheld due to unaccounted stock, the redemption fine and penalty were reduced. The penalty on the Director was set aside for lack of evidence of knowledge, and the penalty on the appellant-company was decreased. The judgment focused on the necessity of proving wrongful Cenvat credit for confiscation and adjusting penalties accordingly. en-us Fri, 22 Feb 2013 00:00:00 +0530 Wed, 14 Aug 2013 08:14:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236090 The Tribunal held that the confiscation of raw material, including plastic film, by the Jurisdictional Assistant Commissioner under Central Excise Rules was unsustainable as no wrongful Cenvat credit was proven. While the confiscation of plastic film was upheld due to unaccounted stock, the redemption fine and penalty were reduced. The penalty on the Director was set aside for lack of evidence of knowledge, and the penalty on the appellant-company was decreased. The judgment focused on the necessity of proving wrongful Cenvat credit for confiscation and adjusting penalties accordingly. Case-Laws Central Excise Fri, 22 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236090