https://www.taxtmi.com/caselaws?id=271090 The Tribunal upheld the first appellate authority's decision that the adjudicating authority improperly adjusted Rs. 10 lakhs deposited by the respondent against a penalty, contrary to Section 11 of the Central Excise Act. Citing a High Court judgment, it ruled that the amount should have been refunded in cash. Emphasizing adherence to the High Court's precedent, the Tribunal dismissed the Revenue's appeal, affirming the correctness of the lower authorities' actions in disallowing the adjustment of funds against penalties. en-us Wed, 18 Nov 2015 00:00:00 +0530 Wed, 19 Oct 2016 11:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271090 The Tribunal upheld the first appellate authority's decision that the adjudicating authority improperly adjusted Rs. 10 lakhs deposited by the respondent against a penalty, contrary to Section 11 of the Central Excise Act. Citing a High Court judgment, it ruled that the amount should have been refunded in cash. Emphasizing adherence to the High Court's precedent, the Tribunal dismissed the Revenue's appeal, affirming the correctness of the lower authorities' actions in disallowing the adjustment of funds against penalties. Case-Laws Central Excise Wed, 18 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271090