Supreme Court affirms Tribunal's penalty reduction decision under Section 11AC without addressing broader authority issue.

The Supreme Court of India upheld the Customs, Excise and Gold (Control) Appellate Tribunal's decision to reduce the penalty to Rs. 25,000 under Section 11AC. The Court dismissed the appeals, without addressing the broader issue of the Tribunal's authority to decrease penalties in similar cases.

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The Supreme Court of India dismissed the appeals against the Customs, Excise and Gold (Control) Appellate Tribunal's judgment. The Tribunal reduced the penalty to Rs. 25,000 under Section 11AC. The Court did not interfere, leaving open the question of the Tribunal's power to reduce penalties for future cases.

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