https://www.taxtmi.com/caselaws?id=269357 The Tribunal upheld the confiscation of excess M.S. Ingots, valued at Rs. 10,98,000, due to failure to challenge stock verification. The excise duty demand was not confirmed as goods were not cleared, reducing penalties from Rs. 1,79,194 to Rs. 25,000 and redemption fine from Rs. 3,30,000 to Rs. 2 lakhs. Despite appellant's absence, the Tribunal proceeded with the case. Penalties on the appellant were reduced, and the Director's appeal was allowed due to unwarranted penalization for stock accounting errors. en-us Wed, 15 Apr 2015 00:00:00 +0530 Sun, 13 Dec 2015 23:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269357 The Tribunal upheld the confiscation of excess M.S. Ingots, valued at Rs. 10,98,000, due to failure to challenge stock verification. The excise duty demand was not confirmed as goods were not cleared, reducing penalties from Rs. 1,79,194 to Rs. 25,000 and redemption fine from Rs. 3,30,000 to Rs. 2 lakhs. Despite appellant's absence, the Tribunal proceeded with the case. Penalties on the appellant were reduced, and the Director's appeal was allowed due to unwarranted penalization for stock accounting errors. Case-Laws Central Excise Wed, 15 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269357