2014 (10) TMI 337

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....Appellant. Shri K.K. Mishra, DR, for the Respondent. ORDER [Order]. - As per facts on record the appellant is engaged in the manufacture of ingots and copper scrap. Their factory was visited by the Central Excise Officer on 14-2-2008, who conducted various checks and verifications. As a result 74 ingots were found in excess then the recorded balance. The officers were informed that out of....

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.... was adjudicated by the original adjudicating authority vide which he confiscated the goods with option to redeem the same on payment of Rs. 1,80,000/- in addition penalties imposed upon the manufacturing unit M/s. Kunal Enterprises and penalty of Rs. 20,000/- on Shri Jai Bhagwan Mittal, Partner. 3. On appeal against the said order, Commissioner (Appeals) rejected the appeal but reduced th....

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....e said unaccounted goods. As such it becomes clear that there was an intention on the part of the assessee to remove the goods clandestinely. Accordingly, I uphold the confiscation of the goods and imposition of penalty on M/s. Kunal Enterprises. Keeping in view the fact that the said seized goods were subsequently released to the appellant and were cleared by them on payment of Central Excise dut....