2018 (1) TMI 150

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... orter and it came to light that even the GR stands forged by the assessee. - confiscation justified. The total duty involved in the matter was to the extent of ₹ 97,000/-, thus, not justifying the redemption fine of ₹ 2,00,000/- - Appreciating that the duty was on the lower side, redemption fine reduced from ₹ 2,00,000/- to ₹ 1,00,000/-. Penalty - Held that: - the sa .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... been denied the benefit of Cenvat Credit of duty of ₹ 97,445/- on the ground that the same stands availed by them on the basis of the forged invoices of one M/s Shiv Traders. 2. In addition, the goods stands confiscated with an option to the appellant to redeem the same and penalty of ₹ 3,00,000/- stands imposed upon the appellant in terms of the Rule 26 of the Central Excise Rules, .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... o redeem the same on payment of redemption fine of ₹ 6,50,000/- and with imposition of penalty of ₹ 3,00,000/- in terms of Rule 26 of Central Excise Rules, 2002. 5. On an appeal against the said order, Commissioner(Appeals) did not interfere in the confirmation of the demand of the duty. However, he observed that redemption fine imposed is much on the higher side and reduced the sam .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X