https://www.taxtmi.com/caselaws?id=110496 The penalty amount in the case was initially reduced from Rs. 1 lakh to Rs. 75,000 but further decreased to Rs. 50,000. This reduction was due to the duty evaded amounting to Rs. 39,780. The penalty imposed was considered appropriate due to the suppression of facts but was adjusted based on the duty payment made. The court upheld the impugned order with the alteration in the penalty amount. en-us Tue, 15 Jul 2003 00:00:00 +0530 Tue, 17 Apr 2012 11:39:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110496 The penalty amount in the case was initially reduced from Rs. 1 lakh to Rs. 75,000 but further decreased to Rs. 50,000. This reduction was due to the duty evaded amounting to Rs. 39,780. The penalty imposed was considered appropriate due to the suppression of facts but was adjusted based on the duty payment made. The court upheld the impugned order with the alteration in the penalty amount. Case-Laws Central Excise Tue, 15 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110496