https://www.taxtmi.com/caselaws?id=208578 The Tribunal reduced the penalty imposed on the appellant from Rs.1 lakh to Rs.5,000, following the precedent decisions indicating the applicability of Rule 27 for default in duty payment without fraudulent intent. The penalty reduction was based on the appellant's compliance with duty payment without any mala fide intention to evade payment, aligning with the interpretation of the law under Rule 27. The Tribunal disposed of the stay petition and appeal, affirming the penalty reduction to Rs.5,000. en-us Fri, 04 Mar 2011 00:00:00 +0530 Sun, 22 Jan 2012 10:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208578 The Tribunal reduced the penalty imposed on the appellant from Rs.1 lakh to Rs.5,000, following the precedent decisions indicating the applicability of Rule 27 for default in duty payment without fraudulent intent. The penalty reduction was based on the appellant's compliance with duty payment without any mala fide intention to evade payment, aligning with the interpretation of the law under Rule 27. The Tribunal disposed of the stay petition and appeal, affirming the penalty reduction to Rs.5,000. Case-Laws Central Excise Fri, 04 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208578