https://www.taxtmi.com/caselaws?id=265059 The Tribunal upheld the demand of duty and penalty on M/s Rishabhdev Techocable Ltd, but allowed for a reduced penalty payment under Section 11AC. Confiscation of goods and imposition of redemption fine were set aside due to unavailability of goods. The penalty on the director was reduced to Rs. 50,000, emphasizing proportionality in penalties. The judgment emphasized the importance of proportionality in penalties and legal principles governing confiscation when goods are not available. en-us Fri, 27 Mar 2015 00:00:00 +0530 Tue, 06 Oct 2015 06:02:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265059 The Tribunal upheld the demand of duty and penalty on M/s Rishabhdev Techocable Ltd, but allowed for a reduced penalty payment under Section 11AC. Confiscation of goods and imposition of redemption fine were set aside due to unavailability of goods. The penalty on the director was reduced to Rs. 50,000, emphasizing proportionality in penalties. The judgment emphasized the importance of proportionality in penalties and legal principles governing confiscation when goods are not available. Case-Laws Central Excise Fri, 27 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265059