https://www.taxtmi.com/caselaws?id=1581 Rule 209A of the Central Excise Rules, 1944 permits penalty only where a person deals with excisable goods knowing, or having reason to believe, that they are liable to confiscation. In the context of a Modvat credit dispute, the provision was treated as inapplicable to a person who was not concerned with the irregularities and had not dealt with the goods said to be involved. On that basis, the rule supplied no foundation for penalty against such a person, and penalty under Rule 209A was therefore not imposable in those circumstances. en-us Fri, 08 Jun 2007 00:00:00 +0530 Tue, 15 Apr 2008 07:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1581 Rule 209A of the Central Excise Rules, 1944 permits penalty only where a person deals with excisable goods knowing, or having reason to believe, that they are liable to confiscation. In the context of a Modvat credit dispute, the provision was treated as inapplicable to a person who was not concerned with the irregularities and had not dealt with the goods said to be involved. On that basis, the rule supplied no foundation for penalty against such a person, and penalty under Rule 209A was therefore not imposable in those circumstances. Case-Laws Central Excise Fri, 08 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1581