https://www.taxtmi.com/caselaws?id=342493 The Tribunal allowed the appeals of M/s Kashi Laminators Pvt. Ltd. and Shri Bhupesh Bansal, setting aside the demands and penalties imposed by the Original Authority. The confiscation of finished goods and raw materials was deemed unsustainable as they had not reached the clearance stage, and there were no provisions to confiscate raw materials. The confiscation of cash seized during the search was also overturned due to the lack of evidence linking it to clandestine activities. Penalties imposed under Rule 26 of Central Excise Rules, 2002, were held to be unjustified as the goods were not liable for confiscation. en-us Wed, 12 Apr 2017 00:00:00 +0530 Fri, 26 May 2017 11:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342493 The Tribunal allowed the appeals of M/s Kashi Laminators Pvt. Ltd. and Shri Bhupesh Bansal, setting aside the demands and penalties imposed by the Original Authority. The confiscation of finished goods and raw materials was deemed unsustainable as they had not reached the clearance stage, and there were no provisions to confiscate raw materials. The confiscation of cash seized during the search was also overturned due to the lack of evidence linking it to clandestine activities. Penalties imposed under Rule 26 of Central Excise Rules, 2002, were held to be unjustified as the goods were not liable for confiscation. Case-Laws Central Excise Wed, 12 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342493