https://www.taxtmi.com/caselaws?id=122184 Rule 173Q of the Central Excise Rules, 1944 was read on its plain wording as fixing only the upper limit of penalty for contravention, namely not exceeding three times the value of the excisable goods or Rs. 5,000, whichever is greater. The provision was therefore treated as not creating a statutory minimum penalty of Rs. 5,000. On that interpretation, the Commissioner (Appeals) was entitled to reduce the penalty below Rs. 5,000, and the Revenue's contrary contention was rejected. en-us Wed, 03 Jan 2007 00:00:00 +0530 Thu, 09 Aug 2012 12:35:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122184 Rule 173Q of the Central Excise Rules, 1944 was read on its plain wording as fixing only the upper limit of penalty for contravention, namely not exceeding three times the value of the excisable goods or Rs. 5,000, whichever is greater. The provision was therefore treated as not creating a statutory minimum penalty of Rs. 5,000. On that interpretation, the Commissioner (Appeals) was entitled to reduce the penalty below Rs. 5,000, and the Revenue's contrary contention was rejected. Case-Laws Central Excise Wed, 03 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122184