https://www.taxtmi.com/caselaws?id=236910 The Tribunal upheld the demand of duty and imposition of penalty under Rule 25, reducing the penalty amount to Rs. 50,000 from Rs. 5 lakhs. The appellant's arguments against penalty under Section 11AC were dismissed, emphasizing contravention of Rule 8(3A) and applicability of Rule 25 penalty. The judgment clarified the amendments to Rule 8(3A) and highlighted the necessity for duty payment post-default, ultimately aiming for a fair resolution in the case. en-us Wed, 19 Oct 2011 00:00:00 +0530 Thu, 12 Sep 2013 10:40:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236910 The Tribunal upheld the demand of duty and imposition of penalty under Rule 25, reducing the penalty amount to Rs. 50,000 from Rs. 5 lakhs. The appellant's arguments against penalty under Section 11AC were dismissed, emphasizing contravention of Rule 8(3A) and applicability of Rule 25 penalty. The judgment clarified the amendments to Rule 8(3A) and highlighted the necessity for duty payment post-default, ultimately aiming for a fair resolution in the case. Case-Laws Central Excise Wed, 19 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236910