https://www.taxtmi.com/caselaws?id=151889 The Tribunal reduced the penalty on the appellant firm from Rs. 80,000 to Rs. 10,000 under Section 11AC of the Central Excise Act. The authorized signatory's penalty was set aside. The Tribunal rejected the Revenue's appeal for penalty enhancement, deeming it infructuous. The Hon'ble Gujarat High Court remanded the matter back to the Tribunal to reconsider the applicability of Section 11AC. The Tribunal held that since the penalty issue had already been decided and the penalty reduced to Rs. 10,000, any reconsideration would amount to reviewing its own order. The Tribunal directed the appellants to be given the option to pay a reduced penalty of 25% of the duty within 30 days. en-us Thu, 01 Oct 2009 00:00:00 +0530 Wed, 19 Jun 2013 09:59:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151889 The Tribunal reduced the penalty on the appellant firm from Rs. 80,000 to Rs. 10,000 under Section 11AC of the Central Excise Act. The authorized signatory's penalty was set aside. The Tribunal rejected the Revenue's appeal for penalty enhancement, deeming it infructuous. The Hon'ble Gujarat High Court remanded the matter back to the Tribunal to reconsider the applicability of Section 11AC. The Tribunal held that since the penalty issue had already been decided and the penalty reduced to Rs. 10,000, any reconsideration would amount to reviewing its own order. The Tribunal directed the appellants to be given the option to pay a reduced penalty of 25% of the duty within 30 days. Case-Laws Central Excise Thu, 01 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151889