https://www.taxtmi.com/caselaws?id=463023 Penalty under Rule 26(1) of the Central Excise Rules, 2002 was examined in relation to alleged handling of cash connected with unaccounted goods. The record did not establish direct knowledge that the cash was linked to offending goods, but surrounding circumstances supported an inference of involvement in the trade activity, so liability was sustained. However, the original penalty was found excessive on the facts, and the quantum was reduced accordingly. The order therefore maintained the finding of liability while granting only partial relief on penalty amount. en-us Fri, 08 Mar 2024 00:00:00 +0530 Fri, 01 Aug 2025 08:15:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463023 Penalty under Rule 26(1) of the Central Excise Rules, 2002 was examined in relation to alleged handling of cash connected with unaccounted goods. The record did not establish direct knowledge that the cash was linked to offending goods, but surrounding circumstances supported an inference of involvement in the trade activity, so liability was sustained. However, the original penalty was found excessive on the facts, and the quantum was reduced accordingly. The order therefore maintained the finding of liability while granting only partial relief on penalty amount. Case-Laws Service Tax Fri, 08 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463023