https://www.taxtmi.com/caselaws?id=207731 Penalty under Rule 26(1) of the Central Excise Rules, 2002 was sustained on the finding that the trader had purchased castings cleared without central excise invoices and without duty payment, but the quantum was reduced in view of the overall facts and circumstances, including subsequent payment of duty by the manufacturer. The adjudicatory authority interfered only with the extent of penalty and reduced it from Rs.40,000 to Rs.25,000, while otherwise rejecting the appeal. en-us Wed, 09 Mar 2011 00:00:00 +0530 Mon, 03 Oct 2011 12:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207731 Penalty under Rule 26(1) of the Central Excise Rules, 2002 was sustained on the finding that the trader had purchased castings cleared without central excise invoices and without duty payment, but the quantum was reduced in view of the overall facts and circumstances, including subsequent payment of duty by the manufacturer. The adjudicatory authority interfered only with the extent of penalty and reduced it from Rs.40,000 to Rs.25,000, while otherwise rejecting the appeal. Case-Laws Central Excise Wed, 09 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207731