Court Reduces Fine and Penalty for SSI Exemption Case to Rs. 50,000 Due to Record-Keeping Lapse. https://www.taxtmi.com/highlights?id=20233 SSI Exemption - Merely for non-maintenance of records, the redemption fine of ₹ 2 lakhs and penalty equal to the duty involved on the seized goods is too high. Fine and penalty reduced to ₹ 50,000/- - AT en-us Sat, 04 Oct 2014 10:55:39 +0530 Sat, 04 Oct 2014 10:55:39 +0530 TaxTMI RSS Generator Court Reduces Fine and Penalty for SSI Exemption Case to Rs. 50,000 Due to Record-Keeping Lapse. https://www.taxtmi.com/highlights?id=20233 SSI Exemption - Merely for non-maintenance of records, the redemption fine of ₹ 2 lakhs and penalty equal to the duty involved on the seized goods is too high. Fine and penalty reduced to ₹ 50,000/- - AT Highlights Central Excise Sat, 04 Oct 2014 10:55:39 +0530 https://www.taxtmi.com/highlights?id=20233