https://www.taxtmi.com/caselaws?id=128106 The Appellate Tribunal CESTAT KOLKATA overturned penalties imposed on two companies and a director under Rule 27 of the Central Excise Rules. The penalties, totaling Rs. 1,50,000 each on the companies and Rs. 20,000 on the director, were deemed unsustainable as they exceeded the prescribed limit of Rs. 5,000 under Rule 27. Despite discrepancies in transport documents, since no duty demand was confirmed and export benefits were granted, the Tribunal held that the penalties were not justified and set them aside, allowing the appeals. en-us Tue, 11 Aug 2009 00:00:00 +0530 Thu, 28 Mar 2013 17:08:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=128106 The Appellate Tribunal CESTAT KOLKATA overturned penalties imposed on two companies and a director under Rule 27 of the Central Excise Rules. The penalties, totaling Rs. 1,50,000 each on the companies and Rs. 20,000 on the director, were deemed unsustainable as they exceeded the prescribed limit of Rs. 5,000 under Rule 27. Despite discrepancies in transport documents, since no duty demand was confirmed and export benefits were granted, the Tribunal held that the penalties were not justified and set them aside, allowing the appeals. Case-Laws Central Excise Tue, 11 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=128106