https://www.taxtmi.com/caselaws?id=348605 The Appellate Tribunal CESTAT KOLKATA upheld the confiscation of seized goods and imposition of fines and penalties under the Central Excise Rules, 2002 against the appellant, a manufacturer of M.S ERW Black pipes/tubes. The Tribunal found the appellant failed to record excess finished goods in the RG-I register, justifying the confiscation. Despite confirming the excess stock, the appellant's explanation for the discrepancy was unsatisfactory. The Tribunal reduced the Redemption Fine to &8377;75,000 and the penalty to &8377;50,000, recognizing the need for lesser fines. The appeal was disposed of with revised fines and penalties. en-us Tue, 28 Feb 2017 00:00:00 +0530 Tue, 26 Sep 2017 07:53:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348605 The Appellate Tribunal CESTAT KOLKATA upheld the confiscation of seized goods and imposition of fines and penalties under the Central Excise Rules, 2002 against the appellant, a manufacturer of M.S ERW Black pipes/tubes. The Tribunal found the appellant failed to record excess finished goods in the RG-I register, justifying the confiscation. Despite confirming the excess stock, the appellant's explanation for the discrepancy was unsatisfactory. The Tribunal reduced the Redemption Fine to &8377;75,000 and the penalty to &8377;50,000, recognizing the need for lesser fines. The appeal was disposed of with revised fines and penalties. Case-Laws Central Excise Tue, 28 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348605