https://www.taxtmi.com/caselaws?id=269957 The Tribunal partly allowed the appeal by reducing penalties imposed under the Central Excise and Cenvat Credit Rules and adjusting the redemption fine to reflect the Central Excise duty payable on the impugned goods. The appellant's failure to maintain proper records resulted in discrepancies in stock levels, leading to duty demand and penalties. While acknowledging the liability for penalties, the Tribunal significantly reduced the penalty amounts, considering the appellant's lack of record-keeping. The Tribunal upheld the redemption fine and penalties, emphasizing the importance of statutory compliance and proper record-keeping in excise matters. en-us Mon, 27 Jul 2015 00:00:00 +0530 Fri, 25 Dec 2015 12:23:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269957 The Tribunal partly allowed the appeal by reducing penalties imposed under the Central Excise and Cenvat Credit Rules and adjusting the redemption fine to reflect the Central Excise duty payable on the impugned goods. The appellant's failure to maintain proper records resulted in discrepancies in stock levels, leading to duty demand and penalties. While acknowledging the liability for penalties, the Tribunal significantly reduced the penalty amounts, considering the appellant's lack of record-keeping. The Tribunal upheld the redemption fine and penalties, emphasizing the importance of statutory compliance and proper record-keeping in excise matters. Case-Laws Central Excise Mon, 27 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269957