https://www.taxtmi.com/caselaws?id=352626 The Tribunal upheld the duty demand against the appellant company, confirming the liability along with interest and penalties. It recognized the prompt payment of duty, granting the benefit of reduced penalty under Section 11AC. The personal penalty on the director was upheld due to the company's involvement in clandestine activities, but the penalty amount was reduced from Rs. 2 lakhs to Rs. 1 lakh. The Tribunal directed the appellant to pay the reduced penalty within 30 days and submit a compliance report, ensuring fairness in penalty imposition based on the circumstances of the case. en-us Fri, 24 Nov 2017 00:00:00 +0530 Tue, 19 Dec 2017 08:49:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352626 The Tribunal upheld the duty demand against the appellant company, confirming the liability along with interest and penalties. It recognized the prompt payment of duty, granting the benefit of reduced penalty under Section 11AC. The personal penalty on the director was upheld due to the company's involvement in clandestine activities, but the penalty amount was reduced from Rs. 2 lakhs to Rs. 1 lakh. The Tribunal directed the appellant to pay the reduced penalty within 30 days and submit a compliance report, ensuring fairness in penalty imposition based on the circumstances of the case. Case-Laws Central Excise Fri, 24 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352626