https://www.taxtmi.com/caselaws?id=297335 The Tribunal ruled in favor of the appellant, reducing the penalty amount to Rs. 12,000 for late filing of returns under Rule 12(6) of the Central Excise Rules, 2002. It was found that the rule was not applicable in the year of the appellant's registration, and as there was no revenue loss, leniency was granted. The decision emphasized the significance of assessing statutory provisions for penalty applicability and exercising discretion in cases without departmental revenue loss. en-us Wed, 29 May 2019 00:00:00 +0530 Sat, 28 Aug 2021 09:20:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297335 The Tribunal ruled in favor of the appellant, reducing the penalty amount to Rs. 12,000 for late filing of returns under Rule 12(6) of the Central Excise Rules, 2002. It was found that the rule was not applicable in the year of the appellant's registration, and as there was no revenue loss, leniency was granted. The decision emphasized the significance of assessing statutory provisions for penalty applicability and exercising discretion in cases without departmental revenue loss. Case-Laws Central Excise Wed, 29 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297335