https://www.taxtmi.com/caselaws?id=51922 Penalty under Rule 209A of the Central Excise Rules, 1944 was held unsustainable where the goods had been cleared against approved price lists and the record contained no finding that the goods were liable to confiscation or that the person concerned knew of such liability. The validating provision in Section 112 of the Finance Act, 2000 was also considered, but its explanation granted exemption from penalty. As the essential preconditions for penal liability were not established, the penalty was vacated. en-us Fri, 13 Jun 2003 00:00:00 +0530 Wed, 29 Sep 2010 12:16:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51922 Penalty under Rule 209A of the Central Excise Rules, 1944 was held unsustainable where the goods had been cleared against approved price lists and the record contained no finding that the goods were liable to confiscation or that the person concerned knew of such liability. The validating provision in Section 112 of the Finance Act, 2000 was also considered, but its explanation granted exemption from penalty. As the essential preconditions for penal liability were not established, the penalty was vacated. Case-Laws Central Excise Fri, 13 Jun 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51922