https://www.taxtmi.com/caselaws?id=204236 The Appellate Tribunal CESTAT, Ahmedabad upheld the duty demand of Rs.23,32,615/- on the respondent for exceeding the SSI exemption limit under Notification No. 8/2003-CE. The Tribunal imposed a 100% penalty but allowed a reduction to 25% if dues were paid within 30 days, citing legal precedent. Interest under Section 11AB was upheld despite early duty payment. The decision aimed to balance penalty imposition with timely payment, ensuring compliance with statutory provisions. The appeal by the Revenue was disposed of, affirming penalty imposition and duty demand while clarifying exemption scheme limits and penalty payment options. en-us Wed, 22 Jun 2011 00:00:00 +0530 Mon, 11 Jul 2011 23:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204236 The Appellate Tribunal CESTAT, Ahmedabad upheld the duty demand of Rs.23,32,615/- on the respondent for exceeding the SSI exemption limit under Notification No. 8/2003-CE. The Tribunal imposed a 100% penalty but allowed a reduction to 25% if dues were paid within 30 days, citing legal precedent. Interest under Section 11AB was upheld despite early duty payment. The decision aimed to balance penalty imposition with timely payment, ensuring compliance with statutory provisions. The appeal by the Revenue was disposed of, affirming penalty imposition and duty demand while clarifying exemption scheme limits and penalty payment options. Case-Laws Central Excise Wed, 22 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204236