M/S Rainbow Rubber Industries & Ors vs Assistant Collector Of ...

The Supreme Court upheld the conviction of the appellants under Section 9 of the Central Excise & Salt Act, 1944 for evading central excise duty, confirming the trial court's findings. However, considering the appellants' age (over 70 years) and the fact that the evaded duty had been paid, the Court modified the sentence to a monetary penalty of Rs.2 lacs each in lieu of six months imprisonment. The appeal was disposed of with the modified sentence.