https://www.taxtmi.com/caselaws?id=204746 The Tribunal upheld the Commissioner (Appeals)' decision to reduce the penalty imposed on the respondents to Rs. 2,000/- from Rs. 5,000/- per default over 75 months for non-filing of ER 1 returns under Rule 12 of the Central Excise Rules, 2002. The Tribunal considered the technical nature of the lapse, the respondents' bona fide belief in compliance, and the specific provisions governing the compounded levy scheme for excise duty payment. The appeal by the Revenue for further enhancement of the penalty was rejected, affirming the reduced penalty amount. en-us Thu, 04 Nov 2010 00:00:00 +0530 Fri, 24 Jun 2011 17:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204746 The Tribunal upheld the Commissioner (Appeals)' decision to reduce the penalty imposed on the respondents to Rs. 2,000/- from Rs. 5,000/- per default over 75 months for non-filing of ER 1 returns under Rule 12 of the Central Excise Rules, 2002. The Tribunal considered the technical nature of the lapse, the respondents' bona fide belief in compliance, and the specific provisions governing the compounded levy scheme for excise duty payment. The appeal by the Revenue for further enhancement of the penalty was rejected, affirming the reduced penalty amount. Case-Laws Central Excise Thu, 04 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204746