https://www.taxtmi.com/caselaws?id=125291 The Tribunal rejected the Revenue's appeal seeking enhancement of penalty, maintaining the penalty amount at Rs. 75,000/- as it exceeded 25% of the duty amount deposited before the show cause notice. It rectified the error of not disposing of the cross objection along with the appeal and treated the cross objection as an appeal by the assessee. The Tribunal found no basis to reduce the penalty further under the Proviso to Section 11AC, as the penalty payment was made after the Order-in-Original without evidence of receipt within 30 days, thus upholding the penalty at Rs. 75,000/-. en-us Mon, 30 Mar 2009 00:00:00 +0530 Mon, 22 Oct 2012 15:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=125291 The Tribunal rejected the Revenue's appeal seeking enhancement of penalty, maintaining the penalty amount at Rs. 75,000/- as it exceeded 25% of the duty amount deposited before the show cause notice. It rectified the error of not disposing of the cross objection along with the appeal and treated the cross objection as an appeal by the assessee. The Tribunal found no basis to reduce the penalty further under the Proviso to Section 11AC, as the penalty payment was made after the Order-in-Original without evidence of receipt within 30 days, thus upholding the penalty at Rs. 75,000/-. Case-Laws Central Excise Mon, 30 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=125291