https://www.taxtmi.com/caselaws?id=382240 The Tribunal allowed the appellant company to sell its industrial plot to pay Central Excise duty, directing the sale proceeds to be used for duty liability. The duty demand was adjusted based on duty paid by suppliers, with penalties on directors/managers set aside. Duty on trading activities was not imposed, and penalties on individuals were waived. The Commissioner was directed to compute the modified duty amount, reducing penalties accordingly, with an option to pay within one month. The company could sell assets to meet duty liability, and all appeals were disposed of. en-us Wed, 26 Jun 2019 00:00:00 +0530 Fri, 28 Jun 2019 07:57:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382240 The Tribunal allowed the appellant company to sell its industrial plot to pay Central Excise duty, directing the sale proceeds to be used for duty liability. The duty demand was adjusted based on duty paid by suppliers, with penalties on directors/managers set aside. Duty on trading activities was not imposed, and penalties on individuals were waived. The Commissioner was directed to compute the modified duty amount, reducing penalties accordingly, with an option to pay within one month. The company could sell assets to meet duty liability, and all appeals were disposed of. Case-Laws Central Excise Wed, 26 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382240