https://www.taxtmi.com/caselaws?id=205910 The Tribunal upheld duty demand with interest, reduced penalty if paid within 30 days, and set aside the redemption fine imposed on M/s. Gandhi Capitals Pvt. Limited. The personal penalty on the Director was reduced from Rs. 1 lakh to Rs. 25,000 due to cooperation and payment under Section 11AC of Central Excise Act. The decision emphasized the significance of prompt duty payment and appropriate penalties tailored to individual case circumstances. en-us Fri, 19 Aug 2011 00:00:00 +0530 Mon, 12 Sep 2011 16:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205910 The Tribunal upheld duty demand with interest, reduced penalty if paid within 30 days, and set aside the redemption fine imposed on M/s. Gandhi Capitals Pvt. Limited. The personal penalty on the Director was reduced from Rs. 1 lakh to Rs. 25,000 due to cooperation and payment under Section 11AC of Central Excise Act. The decision emphasized the significance of prompt duty payment and appropriate penalties tailored to individual case circumstances. Case-Laws Central Excise Fri, 19 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205910