https://www.taxtmi.com/caselaws?id=361491 The Tribunal set aside the confiscation of raw materials and finished products, reducing the penalty imposed on the appellant. It emphasized that confiscation and penalty under Rule 25 apply to finished goods, not raw materials. The Tribunal found no evidence of clandestine removal of goods and concluded that there was no intent to remove goods clandestinely. Therefore, the fine and penalty imposed were set aside, and the appeal was allowed, aligning with the importance of proper recording of transactions to prevent illicit activities. en-us Tue, 01 May 2018 00:00:00 +0530 Fri, 08 Jun 2018 07:21:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361491 The Tribunal set aside the confiscation of raw materials and finished products, reducing the penalty imposed on the appellant. It emphasized that confiscation and penalty under Rule 25 apply to finished goods, not raw materials. The Tribunal found no evidence of clandestine removal of goods and concluded that there was no intent to remove goods clandestinely. Therefore, the fine and penalty imposed were set aside, and the appeal was allowed, aligning with the importance of proper recording of transactions to prevent illicit activities. Case-Laws Central Excise Tue, 01 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361491