https://www.taxtmi.com/caselaws?id=268601 The appellate tribunal upheld the decision of the Commissioner (Appeals) to reduce the penalty imposed on the respondent, a transformer manufacturer, from Rs. 1,00,000 under Rule 25 of the Central Excise Rules, 2002 to Rs. 5,000 under Rule 27 for delayed payment of duty. The tribunal dismissed the appeal of the Revenue, affirming that the default in payment did not warrant a penalty under Rule 25 and that the penalty under Rule 27 was appropriate in this case, considering precedents and financial circumstances cited in the decision. en-us Fri, 23 Oct 2015 00:00:00 +0530 Sat, 28 Nov 2015 10:09:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268601 The appellate tribunal upheld the decision of the Commissioner (Appeals) to reduce the penalty imposed on the respondent, a transformer manufacturer, from Rs. 1,00,000 under Rule 25 of the Central Excise Rules, 2002 to Rs. 5,000 under Rule 27 for delayed payment of duty. The tribunal dismissed the appeal of the Revenue, affirming that the default in payment did not warrant a penalty under Rule 25 and that the penalty under Rule 27 was appropriate in this case, considering precedents and financial circumstances cited in the decision. Case-Laws Central Excise Fri, 23 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268601