https://www.taxtmi.com/caselaws?id=791719 Rule 26 of the Central Excise Rules, 2002 uses the expression "any person", and that wording is wide enough to include a body corporate. Penalty may therefore be imposed on a corporate entity where it deals with excisable goods knowing, or having reason to believe, that the goods are liable to confiscation. The text also clarifies that actual confiscation is not required if the goods are otherwise confiscable under Rule 25. On the stated facts, undervaluation and duty short-payment had already been established, so the goods were liable to confiscation and the Rule 26 penalty was sustained. en-us Thu, 14 May 2026 00:00:00 +0530 Sat, 16 May 2026 09:09:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791719 Rule 26 of the Central Excise Rules, 2002 uses the expression "any person", and that wording is wide enough to include a body corporate. Penalty may therefore be imposed on a corporate entity where it deals with excisable goods knowing, or having reason to believe, that the goods are liable to confiscation. The text also clarifies that actual confiscation is not required if the goods are otherwise confiscable under Rule 25. On the stated facts, undervaluation and duty short-payment had already been established, so the goods were liable to confiscation and the Rule 26 penalty was sustained. Case-Laws Central Excise Thu, 14 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791719