2008 (2) TMI 783

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..... A. Pandey, Jt. CDR, for the Respondent. [Order]. -  The Appellants filed these appeals against the imposition of penalty on the Appellant Company and its Director. 2. After hearing both the sides, it is seen that the Appellant factory was closed in April, 1998 and electricity was disconnected. They were filing RT 12 returns for the stock on finished goods. On 20th February, 20....

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....f the Central Excise Rules, 2002. I find that the Appellants' factory was closed since April 1998, and the goods were duly recorded in their statutory record. The appellant had shifted the stock in other premises due to the pressure of the owner of premises and they are liable to pay duty on the clearance of finished goods as recorded in statutory records. Thus, they cleared the finished goods whi....