https://www.taxtmi.com/caselaws?id=210893 The appeal was filed against the confirmation of demand and imposition of penalties under Section 11AC of CEA 1944 and Rule 25 of CER, 2002. The appellants, engaged in manufacturing, challenged the penalty imposed on the company and its director for purchasing MS ingots without proper documentation. The court upheld the demand confirmation and penalties but granted the appellants the option to pay a reduced penalty of 25%. The penalty on the director was reduced to Rs.1 lakh despite the confession, leading to modifications in the Commissioner (Appeals) decision. en-us Tue, 19 Jul 2011 00:00:00 +0530 Thu, 23 Feb 2012 17:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210893 The appeal was filed against the confirmation of demand and imposition of penalties under Section 11AC of CEA 1944 and Rule 25 of CER, 2002. The appellants, engaged in manufacturing, challenged the penalty imposed on the company and its director for purchasing MS ingots without proper documentation. The court upheld the demand confirmation and penalties but granted the appellants the option to pay a reduced penalty of 25%. The penalty on the director was reduced to Rs.1 lakh despite the confession, leading to modifications in the Commissioner (Appeals) decision. Case-Laws Central Excise Tue, 19 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210893