2007 (3) TMI 97

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..... 15 lakhs on them by the adjudicating authority under Rule 209A of the Central Excise Rules, 1944 and Rule 26 of the Central Excise (No. 2) Rules, 2001. 2. After examining the records and hearing both sides, we find that the Commissioner's order does not contain the necessary findings in support of the above penalty. Ld. Commissioner has ordered penalty on the appellants in Clause (v) of Para 30 o .....

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..... t Any person who is sought to be penalized under Rule 209A of the Central Excise Rules 1944 must be found to have acquired possession of, or was in any way concerned in transporting, removing, depositing, keeping, concealing, selling or purchasing, or in any other manner dealt with any excisable goods which he knew or had reason to believe, were liable to confiscation under the Central Excise Act .....

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