Supreme Court · 2022 INSC 230 · Decided 24 February 2022
Punjab National Bank v. Union of India & ORS.
- Court
- Supreme Court of India
- Citation
- 2022 INSC 230 · [2022] 1 S.C.R. 661
- Case number
- CIVIL APPEAL No. 2196/2012
- Decided
- 24 February 2022
- Bench
- L. NAGESWARA RAO, VINEET SARAN (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Central Excise Act Section 11E, 38A, 38A(e), 6, 38A(c); SARFAESI Act Section 13(4)
Headnote
Central Excise Rules, 1944: r.173(Q)(2) - Confiscation and penalty - On facts, issuance of notice to RIL company for evasion of excise duty and violation of Central Excise Act - Demand of excise duty confirmed and imposition of penalty u/r. 173(Q)(1) and order of confiscation of machinery u/ r.173(Q)(2) passed -Subsequently, confiscation order set aside by the tribunal and the matter remanded back to de novo proceedings since r.173(Q)(2) had been omitted by notification dated 12.05.2000 - Thereafter, RIL availed credit facilities from the appellant Bank,
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