https://www.taxtmi.com/caselaws?id=99730 Prompt payment of the duty demand and the surrounding mitigating circumstances were treated as relevant factors in fixing the quantum of personal penalty under Rule 173Q of the Central Excise Rules, 1944. The availability of Modvat credit on inputs was also considered in assessing the proper penalty. On that basis, the personal penalty was substantially reduced, while the confirmed duty demand remained undisturbed. en-us Tue, 02 May 2000 00:00:00 +0530 Sat, 28 Jan 2012 14:01:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99730 Prompt payment of the duty demand and the surrounding mitigating circumstances were treated as relevant factors in fixing the quantum of personal penalty under Rule 173Q of the Central Excise Rules, 1944. The availability of Modvat credit on inputs was also considered in assessing the proper penalty. On that basis, the personal penalty was substantially reduced, while the confirmed duty demand remained undisturbed. Case-Laws Central Excise Tue, 02 May 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99730