https://www.taxtmi.com/caselaws?id=205595 The court ruled in favor of the revenue, setting aside the Customs Excise and Service Tax Appellate Tribunal's decision to reduce the penalty below the re-quantified duty amount. The court emphasized the stringent penalty provisions under Section 11AC of the Central Excise Act, stating that penalties must correspond to the intentionally evaded duty amount. The judgment reinforced the seriousness of deliberate duty evasion and the necessity for penalties to align with the gravity of the offense. en-us Thu, 01 Sep 2011 00:00:00 +0530 Tue, 10 Apr 2012 11:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205595 The court ruled in favor of the revenue, setting aside the Customs Excise and Service Tax Appellate Tribunal's decision to reduce the penalty below the re-quantified duty amount. The court emphasized the stringent penalty provisions under Section 11AC of the Central Excise Act, stating that penalties must correspond to the intentionally evaded duty amount. The judgment reinforced the seriousness of deliberate duty evasion and the necessity for penalties to align with the gravity of the offense. Case-Laws Central Excise Thu, 01 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205595