https://www.taxtmi.com/caselaws?id=116118 The tribunal dismissed the Revenue's appeal for penalty enhancement and partly allowed the assessee's appeal for quashing the penalty. The penalty amount was significantly reduced to Rs. 10,000 due to the non-deliberate nature of the non-payment resulting from the permanent closure of the unit. The tribunal considered the specific circumstances of the case in modifying the penalty amount, leading to the final decision pronounced in open court on a specified date. en-us Tue, 01 Feb 2005 00:00:00 +0530 Thu, 07 Jun 2012 14:26:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116118 The tribunal dismissed the Revenue's appeal for penalty enhancement and partly allowed the assessee's appeal for quashing the penalty. The penalty amount was significantly reduced to Rs. 10,000 due to the non-deliberate nature of the non-payment resulting from the permanent closure of the unit. The tribunal considered the specific circumstances of the case in modifying the penalty amount, leading to the final decision pronounced in open court on a specified date. Case-Laws Central Excise Tue, 01 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116118