https://www.taxtmi.com/caselaws?id=353099 The Tribunal upheld the duty demand for the quantity of 995.7 MT of MS ingots, admitted by the appellant, despite discrepancies in records. The penalty imposed on the Managing Director was reduced from Rs. 10 lakh to Rs. 5,00,000 based on equity and good conscience. The duty demand was sustained, but the penalty was deemed excessive and modified. The decision was issued on 8th November 2017. en-us Wed, 08 Nov 2017 00:00:00 +0530 Thu, 28 Dec 2017 07:48:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353099 The Tribunal upheld the duty demand for the quantity of 995.7 MT of MS ingots, admitted by the appellant, despite discrepancies in records. The penalty imposed on the Managing Director was reduced from Rs. 10 lakh to Rs. 5,00,000 based on equity and good conscience. The duty demand was sustained, but the penalty was deemed excessive and modified. The decision was issued on 8th November 2017. Case-Laws Central Excise Wed, 08 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353099