https://www.taxtmi.com/caselaws?id=172008 Penalty under Rule 26 of the Central Excise Rules, 2001 was examined in the context of unaccounted material transactions already covered by separate proceedings. The Court noted that duty demand and penalty had already been affirmed for manufacturing rolled products from such material, and the Tribunal found no basis for imposing an additional penalty for the related purchase without duty payment. It agreed that the Rules did not make penalty mandatory on these facts and found no substantial question of law. The Revenue's challenge failed, and the order setting aside the penalties remained undisturbed. en-us Mon, 18 Feb 2013 00:00:00 +0530 Tue, 11 Aug 2015 19:29:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=172008 Penalty under Rule 26 of the Central Excise Rules, 2001 was examined in the context of unaccounted material transactions already covered by separate proceedings. The Court noted that duty demand and penalty had already been affirmed for manufacturing rolled products from such material, and the Tribunal found no basis for imposing an additional penalty for the related purchase without duty payment. It agreed that the Rules did not make penalty mandatory on these facts and found no substantial question of law. The Revenue's challenge failed, and the order setting aside the penalties remained undisturbed. Case-Laws Central Excise Mon, 18 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=172008