https://www.taxtmi.com/caselaws?id=344044 The appeal involved a penalty reduction for an appellant-assessee due to a shortage of finished goods. The Director acknowledged the shortage was due to staff negligence, leading to voluntary duty payment. The department imposed penalties, but insufficient evidence of fraud or intent to evade duty resulted in the reduction of penalties under Rule 27. The personal penalty on the Director was dropped as malafides were not proven. The Tribunal modified the order, reducing the penalty significantly and disposing of both appeals. en-us Fri, 28 Apr 2017 00:00:00 +0530 Wed, 07 Jun 2017 06:30:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344044 The appeal involved a penalty reduction for an appellant-assessee due to a shortage of finished goods. The Director acknowledged the shortage was due to staff negligence, leading to voluntary duty payment. The department imposed penalties, but insufficient evidence of fraud or intent to evade duty resulted in the reduction of penalties under Rule 27. The personal penalty on the Director was dropped as malafides were not proven. The Tribunal modified the order, reducing the penalty significantly and disposing of both appeals. Case-Laws Central Excise Fri, 28 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344044