2011 (6) TMI 556

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..... ondent Per: Ashok Jindal: The appellants are in appeal against the impugned order wherein duty demand, interest and equivalent amount of penalty under Section 11AC has been confirmed against them, apart from that a redemption fine of Rs. 2,50,000/- was also imposed. The appellants are contesting only the redemption fine and they have admitted and paid the duty demand and penalty amount. 2. .....

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..... cers on 30/11/1999 and during the course of search proceedings, it was found that the 'mercerising machine' was running with the aid of electric power driven motor. Therefore, the processed fabrics of 186622.75 L.Mtrs. valued at RS. 9,33,113.75 was seized under panchanama on the belief that the same were liable to confiscation for the contravention of the Central Excise Act and Rules. Therefore, a .....

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..... hem were liable to confiscation. Therefore, they are liable to pay redemption fine. Considering the fact that the appellants have already paid the duty, interest and equivalent amount of penalty, therefore, we find that the quantum of redemption fine is excessively high.Therefore, we reduce the redemption fine to Rs. 10,000/- (Rupees Ten Thousand only). 6. The appeal is disposed of in the above t .....

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