https://www.taxtmi.com/caselaws?id=359730 The Tribunal upheld the duty and interest payment confirmation, as the appellants admitted liability and faced financial difficulties without fraudulent intent. The penalty under Rule 25 read with Section 11AC was reduced to Rs. 5000 per default, aligning with previous Tribunal decisions and Gujarat High Court rulings, emphasizing penalties should not exceed this amount for delayed duty payment due to financial crisis. en-us Thu, 15 Mar 2018 00:00:00 +0530 Fri, 04 May 2018 08:47:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359730 The Tribunal upheld the duty and interest payment confirmation, as the appellants admitted liability and faced financial difficulties without fraudulent intent. The penalty under Rule 25 read with Section 11AC was reduced to Rs. 5000 per default, aligning with previous Tribunal decisions and Gujarat High Court rulings, emphasizing penalties should not exceed this amount for delayed duty payment due to financial crisis. Case-Laws Central Excise Thu, 15 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359730