https://www.taxtmi.com/caselaws?id=203074 The Tribunal confirmed a duty demand of Rs. 56,98,763/- against the appellants, with penalties imposed under Section 11AC of the Central Excise Act, 1944. The penalties on individuals involved were reduced to Rs. 2,00,000/- for Shri Anil Agarwal and Rs. 25,000/- for Shri K.B. Nair. The appellants were given the option to pay 25% of the duty as penalty within thirty days. Appeals were disposed of accordingly. en-us Fri, 01 Oct 2010 00:00:00 +0530 Wed, 04 May 2011 08:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203074 The Tribunal confirmed a duty demand of Rs. 56,98,763/- against the appellants, with penalties imposed under Section 11AC of the Central Excise Act, 1944. The penalties on individuals involved were reduced to Rs. 2,00,000/- for Shri Anil Agarwal and Rs. 25,000/- for Shri K.B. Nair. The appellants were given the option to pay 25% of the duty as penalty within thirty days. Appeals were disposed of accordingly. Case-Laws Central Excise Fri, 01 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203074