https://www.taxtmi.com/caselaws?id=202655 The Appellate Tribunal CESTAT reinstated the penalty imposed for default in duty payment under Rule 26 of the Central Excise Rules, reducing it to Rs.5,000 from the original amount of Rs.1,06,774. The Tribunal disagreed with the Commissioner (Appeals) who had set aside the penalty, emphasizing that the violations were adequately specified in the notice, justifying the penalty under Rule 26. The case highlights the Tribunal's discretion in modifying penalties based on the circumstances of the case. en-us Tue, 25 Jan 2011 00:00:00 +0530 Fri, 09 Sep 2022 14:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202655 The Appellate Tribunal CESTAT reinstated the penalty imposed for default in duty payment under Rule 26 of the Central Excise Rules, reducing it to Rs.5,000 from the original amount of Rs.1,06,774. The Tribunal disagreed with the Commissioner (Appeals) who had set aside the penalty, emphasizing that the violations were adequately specified in the notice, justifying the penalty under Rule 26. The case highlights the Tribunal's discretion in modifying penalties based on the circumstances of the case. Case-Laws Central Excise Tue, 25 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202655