https://www.taxtmi.com/caselaws?id=76471 The Division Bench allowed the Revenue's application for Rectification of Mistake, recalling the Final Order for rehearing. The decision emphasized aligning with the Supreme Court's interpretation in Union of India v. Dharamendra Textile Processors, highlighting the absence of discretion to levy penalty below the prescribed minimum under Section 11AC. The need to reconsider penalty imposition without fraud, collusion, or wilful mistake was underscored, reflecting the significance of adhering to Supreme Court precedents in penalty matters. en-us Tue, 14 Jul 2009 00:00:00 +0530 Sat, 26 Jun 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76471 The Division Bench allowed the Revenue's application for Rectification of Mistake, recalling the Final Order for rehearing. The decision emphasized aligning with the Supreme Court's interpretation in Union of India v. Dharamendra Textile Processors, highlighting the absence of discretion to levy penalty below the prescribed minimum under Section 11AC. The need to reconsider penalty imposition without fraud, collusion, or wilful mistake was underscored, reflecting the significance of adhering to Supreme Court precedents in penalty matters. Case-Laws Central Excise Tue, 14 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76471