Offence of money-laundering is not trivial in nature

Riyaz Rafiq Padela Vs Commissioner of Central Excise & ST (CESTAT Mumbai) CESTAT Mumbai held that offence of money-laundering committed by an individual with a deliberate design with the motive to enhance his gains, disregarding the interests of nation and society as a whole and which by no stretch of imagination can be termed as offence of trivial nature. Facts- During the period from 19.07.2005 to 24.03.2006, eighty-five claims of rebate were filed by five entities claiming themselves to be the merchant exporter with valid IEC number. After causing verification of Central Excise duty pai...