https://www.taxtmi.com/caselaws?id=360349 The Tribunal allowed the assessee's appeal and rejected the Revenue's appeal regarding the confiscation of finished goods and raw materials, as no malafide intention was found for non-entry of goods in records. Confiscation and penalties were set aside, with a direction for duty payment upon clearance. The Tribunal upheld the decision to release cash recovered from another party, as there were no allegations of it being proceeds of smuggled items. Penalties imposed were set aside, and demands by the Commissioner (Appeals) were upheld, resulting in a favorable outcome for the appellants. en-us Mon, 14 May 2018 00:00:00 +0530 Wed, 16 May 2018 06:42:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360349 The Tribunal allowed the assessee's appeal and rejected the Revenue's appeal regarding the confiscation of finished goods and raw materials, as no malafide intention was found for non-entry of goods in records. Confiscation and penalties were set aside, with a direction for duty payment upon clearance. The Tribunal upheld the decision to release cash recovered from another party, as there were no allegations of it being proceeds of smuggled items. Penalties imposed were set aside, and demands by the Commissioner (Appeals) were upheld, resulting in a favorable outcome for the appellants. Case-Laws Central Excise Mon, 14 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360349