Court upholds reduced penalty on assessee in Central Excise Act appeal

The High Court of Punjab & Haryana dismissed the revenue's appeal under Section 35G of the Central Excise Act, 1944. The Tribunal's reduction of the penalty imposed on the assessee from Rs. 1,23,902 to Rs. 25,000 was upheld by the Court, which found the decision legally sound and declined to reverse factual findings in the appeal.

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The High Court of Punjab & Haryana dismissed the revenue's appeal under Section 35G of the Central Excise Act, 1944. The Tribunal had reduced the penalty imposed on the assessee from Rs. 1,23,902 to Rs. 25,000, which the Court found legally sound based on the case's circumstances. The Court upheld the Tribunal's decision, stating that it cannot reverse factual findings in such appeals.

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