https://www.taxtmi.com/caselaws?id=208892 The Appellate Tribunal CESTAT, Ahmedabad addressed a case involving default in monthly duty payments leading to goods clearance without payment. The tribunal reduced the penalty imposed on the appellants from Rs. 1 lakh to Rs. 5,000, citing Rule 27 for cases of delayed duty payment without fraudulent intent. The penalty adjustment was made based on precedent cases like Shaligram Laminates Pvt. Ltd. Vs. CCE Ahmedabad, where similar penalties were reduced. The restoration of duty credit from the cenvat account was allowed, but the penalty was upheld at a reduced amount due to the absence of fraudulent intent. en-us Mon, 14 Mar 2011 00:00:00 +0530 Thu, 02 Feb 2012 07:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208892 The Appellate Tribunal CESTAT, Ahmedabad addressed a case involving default in monthly duty payments leading to goods clearance without payment. The tribunal reduced the penalty imposed on the appellants from Rs. 1 lakh to Rs. 5,000, citing Rule 27 for cases of delayed duty payment without fraudulent intent. The penalty adjustment was made based on precedent cases like Shaligram Laminates Pvt. Ltd. Vs. CCE Ahmedabad, where similar penalties were reduced. The restoration of duty credit from the cenvat account was allowed, but the penalty was upheld at a reduced amount due to the absence of fraudulent intent. Case-Laws Central Excise Mon, 14 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208892