https://www.taxtmi.com/caselaws?id=110007 Penalty on duty-paid waste and scrap generated at a job worker's factory was considered excessive because the duty liability had already been accepted and fully discharged. With only the quantum of penalty surviving, the explanation of bona fide belief was accepted as a mitigating factor, and the penalty was reduced from Rs. 10 lakhs to Rs. 50,000 while the appeal was otherwise rejected. en-us Mon, 15 Sep 2003 00:00:00 +0530 Fri, 13 Apr 2012 13:26:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110007 Penalty on duty-paid waste and scrap generated at a job worker's factory was considered excessive because the duty liability had already been accepted and fully discharged. With only the quantum of penalty surviving, the explanation of bona fide belief was accepted as a mitigating factor, and the penalty was reduced from Rs. 10 lakhs to Rs. 50,000 while the appeal was otherwise rejected. Case-Laws Central Excise Mon, 15 Sep 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110007