https://www.taxtmi.com/caselaws?id=126342 The Appellate Tribunal CESTAT, NEW DELHI reduced the penalty imposed on a paper manufacturer for delayed excise duty payment from Rs. 3.5 lakhs to Rs. 35,000. The appellant faced financial difficulties causing the delays, argued no intention to evade duty, and cited a similar case precedent. The Tribunal found no evidence of intentional evasion, deemed the original penalty inappropriate, and imposed a reduced penalty under a different rule. The appeal was disposed of in favor of the appellant based on these findings. en-us Tue, 28 Apr 2009 00:00:00 +0530 Mon, 05 Nov 2012 16:55:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126342 The Appellate Tribunal CESTAT, NEW DELHI reduced the penalty imposed on a paper manufacturer for delayed excise duty payment from Rs. 3.5 lakhs to Rs. 35,000. The appellant faced financial difficulties causing the delays, argued no intention to evade duty, and cited a similar case precedent. The Tribunal found no evidence of intentional evasion, deemed the original penalty inappropriate, and imposed a reduced penalty under a different rule. The appeal was disposed of in favor of the appellant based on these findings. Case-Laws Central Excise Tue, 28 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126342