https://www.taxtmi.com/caselaws?id=246635 The Tribunal held that the Commissioner exceeded his powers by reducing the penalty to 25% of the duty demanded. It was determined that the penalty to the extent of 100% duty demanded is mandatory. However, following precedent, the Tribunal extended the benefit of paying the reduced penalty where the option was not initially given. The Appeal filed by the Revenue was disposed of accordingly, with the conclusion that the reduction of penalty by the Commissioner was incorrect and needed to be set aside. en-us Fri, 19 Oct 2012 00:00:00 +0530 Sun, 20 Apr 2014 16:36:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246635 The Tribunal held that the Commissioner exceeded his powers by reducing the penalty to 25% of the duty demanded. It was determined that the penalty to the extent of 100% duty demanded is mandatory. However, following precedent, the Tribunal extended the benefit of paying the reduced penalty where the option was not initially given. The Appeal filed by the Revenue was disposed of accordingly, with the conclusion that the reduction of penalty by the Commissioner was incorrect and needed to be set aside. Case-Laws Central Excise Fri, 19 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246635