https://www.taxtmi.com/caselaws?id=215786 The Tribunal found that while there was a delay in payment and filing of returns, the penalty under Section 11AC of the Central Excise Act, 1944 was not warranted. Instead, the appellants were held liable to pay a penalty under Rule 27 of the Central Excise Rules, 2002. A penalty of Rs. 5,000 was imposed under Rule 27, to be adjusted against the previously paid penalty and excess interest amount. The appeal was partly allowed with consequential relief, clarifying the imposition of penalties based on the case's circumstances. en-us Fri, 13 Jul 2012 00:00:00 +0530 Mon, 13 Aug 2012 17:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215786 The Tribunal found that while there was a delay in payment and filing of returns, the penalty under Section 11AC of the Central Excise Act, 1944 was not warranted. Instead, the appellants were held liable to pay a penalty under Rule 27 of the Central Excise Rules, 2002. A penalty of Rs. 5,000 was imposed under Rule 27, to be adjusted against the previously paid penalty and excess interest amount. The appeal was partly allowed with consequential relief, clarifying the imposition of penalties based on the case's circumstances. Case-Laws Central Excise Fri, 13 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215786