https://www.taxtmi.com/caselaws?id=114982 The Tribunal allowed the Revenue's appeal against the Commissioner (Appeals)'s decision to set aside a penalty imposed on the respondents for failure to pay Central Excise duty. The Tribunal found that the previous decision by the Madras High Court did not apply to the specific rules governing the present case involving compounded levy on iron and steel. Despite this, the Tribunal imposed a penalty of Rs. 10,000 on the respondents, considering the circumstances of the case. en-us Fri, 04 Jun 2004 00:00:00 +0530 Tue, 22 May 2012 17:29:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114982 The Tribunal allowed the Revenue's appeal against the Commissioner (Appeals)'s decision to set aside a penalty imposed on the respondents for failure to pay Central Excise duty. The Tribunal found that the previous decision by the Madras High Court did not apply to the specific rules governing the present case involving compounded levy on iron and steel. Despite this, the Tribunal imposed a penalty of Rs. 10,000 on the respondents, considering the circumstances of the case. Case-Laws Central Excise Fri, 04 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114982