https://www.taxtmi.com/caselaws?id=278195 The Court set aside penalties imposed by the Customs, Central Excise & Service Tax Settlement Commission on petitioners, ruling that penalties exceeding 15% of the duty determined under Section 11AC(1)(d) of the Central Excise Act, 1944 needed re-evaluation. The Court directed the Commission to reassess the penalties to ensure compliance with the statutory limit. The writ petition was disposed of with instructions for the Commission to review and adjust the penalties accordingly. en-us Fri, 14 Jul 2017 00:00:00 +0530 Thu, 17 Jan 2019 06:58:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278195 The Court set aside penalties imposed by the Customs, Central Excise & Service Tax Settlement Commission on petitioners, ruling that penalties exceeding 15% of the duty determined under Section 11AC(1)(d) of the Central Excise Act, 1944 needed re-evaluation. The Court directed the Commission to reassess the penalties to ensure compliance with the statutory limit. The writ petition was disposed of with instructions for the Commission to review and adjust the penalties accordingly. Case-Laws Central Excise Fri, 14 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278195