https://www.taxtmi.com/caselaws?id=251708 The Tribunal upheld the reduction of penalty by the Commissioner (Appeals) from Rs. 2,02,162 to Rs. 50,000 and rejected the appellant's appeal. Emphasizing compliance with Rule 8(3A) of the Central Excise Rules, the Tribunal highlighted the consequences for default in duty payment. Legal precedents supported the penalty imposition, emphasizing the mandatory nature of Rule 8 compliance and the requirement to pay excise duty without utilizing Cenvat credit until all outstanding amounts, including interest, are cleared. en-us Thu, 21 Aug 2014 00:00:00 +0530 Thu, 25 Sep 2014 09:19:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251708 The Tribunal upheld the reduction of penalty by the Commissioner (Appeals) from Rs. 2,02,162 to Rs. 50,000 and rejected the appellant's appeal. Emphasizing compliance with Rule 8(3A) of the Central Excise Rules, the Tribunal highlighted the consequences for default in duty payment. Legal precedents supported the penalty imposition, emphasizing the mandatory nature of Rule 8 compliance and the requirement to pay excise duty without utilizing Cenvat credit until all outstanding amounts, including interest, are cleared. Case-Laws Central Excise Thu, 21 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251708