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of <h1>Court Grants Stay on Penalty Enforcement Pending Duty Amount Quantification</h1> <h3>STANDARD INDUSTRIES LTD. Versus COLLR. OF CENTRAL EXCISE, BOMBAY</h3> The court imposed a penalty of Rs. 8 lakhs but granted a stay on its enforcement until the duty amount is quantified. The court found no mala fide ... Demand - Quantification of The duty amount has not been quantified. A penalty of Rs. 8 lakhs imposed. Stay granted on penalty until duty amount is determined. No mala fide found warranting penalty. Duty demand must be quantified before penalty enforced.
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