2000 (5) TMI 764 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Kolkata ruled in favor of the appellants, setting aside the order confiscating Indian currency and LDPE seized from their premises. The Tribunal found no evidence linking the currency to unauthorized goods removal, dropping proceedings against the appellants. The redemption fine of Rs. 70,000 was deemed unjustified. The appeals were allowed with consequential relief to the appellants.