https://www.taxtmi.com/caselaws?id=259824 The penalty under section 11AC was found inapplicable as there was no duty demand against the appellants. The tribunal set aside the confiscation of currency seized during the investigation, determining it was not related to clandestine activities. Excessive redemption fines and penalties were reduced significantly, with penalties for various entities and individuals adjusted accordingly. The appellants received relief with reduced fines and penalties following the tribunal's adjustments. en-us Tue, 03 Mar 2015 00:00:00 +0530 Fri, 22 May 2015 15:07:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259824 The penalty under section 11AC was found inapplicable as there was no duty demand against the appellants. The tribunal set aside the confiscation of currency seized during the investigation, determining it was not related to clandestine activities. Excessive redemption fines and penalties were reduced significantly, with penalties for various entities and individuals adjusted accordingly. The appellants received relief with reduced fines and penalties following the tribunal's adjustments. Case-Laws Central Excise Tue, 03 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259824