2013 (4) TMI 407 - AT - Central Excise

Reduction of penalty - Held that - As the goods clandestinely removed are not available for confiscation, but the appellant had the knowledge of clandestine activity being undertaken. However, looking to the facts and circumstances of the case, a penalty of Rs.30,000/- will meet the ends of justice and accordingly penalty of Rs.60,000/- imposed upon the appellant is reduced to Rs.30,000/-.

Summary

The Appellate Tribunal CESTAT Ahmedabad reduced the penalty imposed on the Director of M/s. Rangil Textiles Mills Pvt. Ltd., Surat from Rs.60,000 to Rs.30,000 as he had knowledge of clandestine activity but goods were not available for confiscation. Total duty evaded was Rs.5,98,902.