https://www.taxtmi.com/caselaws?id=208706 The Tribunal allowed the appeal, reducing the penalty amount significantly due to the financial crisis explanation provided by the appellant. The penalty was imposed under Rule 27 instead of Rule 25, with the amount reduced from Rs.3,76,203 to Rs.15,000. The judgment underscores the significance of considering the circumstances leading to default and applying appropriate penalty rules accordingly. en-us Wed, 27 Apr 2011 00:00:00 +0530 Wed, 25 Jan 2012 07:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208706 The Tribunal allowed the appeal, reducing the penalty amount significantly due to the financial crisis explanation provided by the appellant. The penalty was imposed under Rule 27 instead of Rule 25, with the amount reduced from Rs.3,76,203 to Rs.15,000. The judgment underscores the significance of considering the circumstances leading to default and applying appropriate penalty rules accordingly. Case-Laws Central Excise Wed, 27 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208706