https://www.taxtmi.com/caselaws?id=253044 The Appellate Tribunal CESTAT BANGALORE upheld the default finding against the appellants for non-payment of duty. The appellants, a financially distressed company, were directed to rectify the default by paying the interest amount on the default sum, as per a previous case precedent. The Tribunal imposed a penalty of &8377; 10,000 (&8377; 5,000 for each of the two appeals) under Rule 27 of the Central Excise Rules, 2002. The decision balanced compliance requirements with the appellants' financial challenges, ensuring statutory obligations were met. en-us Thu, 24 Jul 2014 00:00:00 +0530 Wed, 12 Nov 2014 12:42:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253044 The Appellate Tribunal CESTAT BANGALORE upheld the default finding against the appellants for non-payment of duty. The appellants, a financially distressed company, were directed to rectify the default by paying the interest amount on the default sum, as per a previous case precedent. The Tribunal imposed a penalty of &8377; 10,000 (&8377; 5,000 for each of the two appeals) under Rule 27 of the Central Excise Rules, 2002. The decision balanced compliance requirements with the appellants' financial challenges, ensuring statutory obligations were met. Case-Laws Central Excise Thu, 24 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253044