https://www.taxtmi.com/caselaws?id=123209 The Appellate Tribunal CESTAT, Chennai, upheld the penalty imposed on M/s. KCP Packagings Limited under Rule 8(3) of the Central Excise Rules, 2002 for delay in duty payment. The penalty was affirmed after considering the specific wording of the rule and consequences outlined in the proviso. Additionally, a penalty of Rs. 2 lakhs under Rule 25(1)(a) for contravention of provisions was deemed appropriate. The Tribunal distinguished a previous case precedent cited by the appellant's counsel and reduced the penalty to Rs. 1 lakh based on compliance history and case circumstances, ultimately disposing of the appeal and resolving the stay petition. en-us Tue, 08 Jan 2008 00:00:00 +0530 Mon, 10 Sep 2012 13:04:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123209 The Appellate Tribunal CESTAT, Chennai, upheld the penalty imposed on M/s. KCP Packagings Limited under Rule 8(3) of the Central Excise Rules, 2002 for delay in duty payment. The penalty was affirmed after considering the specific wording of the rule and consequences outlined in the proviso. Additionally, a penalty of Rs. 2 lakhs under Rule 25(1)(a) for contravention of provisions was deemed appropriate. The Tribunal distinguished a previous case precedent cited by the appellant's counsel and reduced the penalty to Rs. 1 lakh based on compliance history and case circumstances, ultimately disposing of the appeal and resolving the stay petition. Case-Laws Central Excise Tue, 08 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123209