https://www.taxtmi.com/caselaws?id=204398 Section 11AC minimum penalty was found inapplicable because the facts showed pilferage and resulting substandard goods, not deliberate mis-statement or concealment by the assessee. On that footing, the penalty could be interfered with on the facts, and the Tribunal's reduction of penalty was upheld. The analysis also noted that no ground was made out to disturb the Tribunal's exercise of discretion under the excise penalty framework. en-us Wed, 06 Jul 2011 00:00:00 +0530 Sat, 04 May 2013 18:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204398 Section 11AC minimum penalty was found inapplicable because the facts showed pilferage and resulting substandard goods, not deliberate mis-statement or concealment by the assessee. On that footing, the penalty could be interfered with on the facts, and the Tribunal's reduction of penalty was upheld. The analysis also noted that no ground was made out to disturb the Tribunal's exercise of discretion under the excise penalty framework. Case-Laws Central Excise Wed, 06 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204398