https://www.taxtmi.com/caselaws?id=467889 Penalty under Rule 26(1) of the Central Excise Rules, 2002 requires that the person deal with excisable goods known, or reasonably believed, to be liable to confiscation. Where no goods were confiscated and no finding was recorded that the goods were liable to confiscation, the statutory precondition for penalty was absent. On that basis, the penalty could not be sustained and was set aside in favour of the assessee. en-us Mon, 09 Dec 2024 00:00:00 +0530 Wed, 08 Apr 2026 20:27:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467889 Penalty under Rule 26(1) of the Central Excise Rules, 2002 requires that the person deal with excisable goods known, or reasonably believed, to be liable to confiscation. Where no goods were confiscated and no finding was recorded that the goods were liable to confiscation, the statutory precondition for penalty was absent. On that basis, the penalty could not be sustained and was set aside in favour of the assessee. Case-Laws Central Excise Mon, 09 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467889