2016 (5) TMI 272 - SCH - Central Excise

Imposition of penalty - High court has held that since there was an element of suppression and non-disclosure of the activity of re-packing from bulk pack to smaller packs and selling the same affixing brand name of M/s. Tata Chemicals Ltd. from their unregistered premises without payment of duty and without disclosing their said activity to the department the penalties imposed on both the appellants were also justified reported in reported in 2013 (9) TMI 242 - CESTAT KOLKATA - Apex Court has set aside the Tribunal s order in the opinion that the assessee has been able to substantially satisfy the Revenue. Apex Court allowed the appellant s appeal

Summary

The Supreme Court allowed the appeals after the assessee reconciled accounts with the Central Excise office, reducing the difference to Rs. 65,800. The Tribunal's orders were set aside.