2015 (5) TMI 243

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....t : Mr. A.K. Joshi and Mr. Lalit Belwal For the Respondent : None Hon'ble Alok Singh, J. (Oral) Petitioner R.K. Agarwal was, at the relevant time, working as Deputy General Manager (Finance) in M/s Kashipur Sugar Mills Ltd., Kashipur while petitioner S.K. Bhatnagar was, at the relevant time, working as Whole Time Director of M/s Kashipur Sugar Mills Ltd., Kashipur. Both the petitioners fe....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Bhatnagar and personal penalty of Rs. 2,00,000/- against Mr. R.K. Agarwal by invoking Rule 26 of the Central Excise Rules, 2002. Rule 26 of the Central Excise Rules, 2002 reads as under : " 26. Penalty for certain offences: - [(1)]Any person who acquires possession of, or is in any way concerned in transporting, removing, depositing, keeping, concealing, selling or purchasing, or in any o....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ichever is greater.] Perusal of sub-rule (1) of Rule 26 of the Rules would demonstrate that any person, who acquires possession of, or is in any way concerned in transporting, removing, depositing, keeping, concealing, selling or purchasing, or in any other manner deals with, any excisable goods which he knows or has reason to believe are liable to confiscation under the Act or these rules, sha....