CESTAT Upholds Penalty Reduction to 25% of Duty: Harmonious Interpretation of Sections 35F and 11AC

The Appellate Tribunal CESTAT, Ahmedabad upheld the decision of the Commissioner (Appeals) to reduce the penalty to 25% of duty. The Revenue's appeal was rejected, with the Tribunal citing a harmonious interpretation of Sections 35F and 11AC and finding no grounds to interfere with the Commissioner (Appeals) order.

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The Appellate Tribunal CESTAT, Ahmedabad, upheld the Commissioner (Appeals) decision to reduce penalty to 25% of duty. The Revenue's appeal against this decision was rejected, citing harmonious interpretation of Sections 35F and 11AC. The Tribunal found no reason to interfere in the Commissioner (Appeals) order.

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