https://www.taxtmi.com/caselaws?id=206264 The appellate tribunal confirmed a duty demand of Rs.1,44,987 with interest and imposed a penalty equivalent to the duty amount on the appellant for alleged involvement in clandestine removal of processed fabrics. The tribunal granted the appellant the option to pay 25% of the penalty within 30 days, provided interest was also paid within the same period. Failure to comply would result in a penalty increase to 100% of the duty demanded. The decision favored the appellant's request for a penalty reduction option, emphasizing timely payment to avoid escalation and ensuring compliance with excise duty regulations. en-us Thu, 18 Aug 2011 00:00:00 +0530 Sat, 22 Oct 2011 00:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206264 The appellate tribunal confirmed a duty demand of Rs.1,44,987 with interest and imposed a penalty equivalent to the duty amount on the appellant for alleged involvement in clandestine removal of processed fabrics. The tribunal granted the appellant the option to pay 25% of the penalty within 30 days, provided interest was also paid within the same period. Failure to comply would result in a penalty increase to 100% of the duty demanded. The decision favored the appellant's request for a penalty reduction option, emphasizing timely payment to avoid escalation and ensuring compliance with excise duty regulations. Case-Laws Central Excise Thu, 18 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206264