9911796707
TMI Blog2013 (7) TMI 831X X X X Extracts X X X X X X X X Extracts X X X X ..... ectric Department etc, revealed that the appellant was manufacturing M.S. Ingots without making a proper declaration and without maintaining any record etc – After the provisional release of the goods, the same were cleared on payment of duty - the penalty reduced to 25% - redemption fine of Rs. 1,04,600/-,duty involved in respect of seized goods was to the tune of Rs. 68,256/- and as such, redemp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Singh, Director of M/s. Isher Alloys and the seized goods stand confiscated with redemption fine of Rs. 1,04,600/-. 2. As per facts on record the appellant is engaged in the manufacture of M.S. Ingots and according to the Revenue was removing the same clandestinely without payment of duty. Accordingly their factory was visited by the Central Excise (prev) officers on 29.8.2005 and it was fou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . Learned Advocate Shri Sudhir Malhotra appearing for the appellants submits that they are not contesting the duty confirmation. He submits that after the provisional release of the goods, the same were cleared on payment of duty. As such, that the penalty be reduced to 25%. He also submits that redemption fine imposed by the lower authority is much on the higher side and prays for reduction on th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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