https://www.taxtmi.com/caselaws?id=298180 The Appellate Tribunal concluded that interest on duty paid was not warranted as it was settled promptly upon the discovery of goods shortage. Penalties imposed on the Director and employee were reduced due to mitigating circumstances, with the Director's penalty reduced to Rs. 50,000 and the employee's to Rs. 5,000. The Tribunal modified the order, allowing the appeal against interest levy and partially allowing the appeals of the Director and employee, aiming to uphold justice while considering the specific case circumstances. en-us Thu, 30 Nov 2017 00:00:00 +0530 Tue, 19 Oct 2021 08:21:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298180 The Appellate Tribunal concluded that interest on duty paid was not warranted as it was settled promptly upon the discovery of goods shortage. Penalties imposed on the Director and employee were reduced due to mitigating circumstances, with the Director's penalty reduced to Rs. 50,000 and the employee's to Rs. 5,000. The Tribunal modified the order, allowing the appeal against interest levy and partially allowing the appeals of the Director and employee, aiming to uphold justice while considering the specific case circumstances. Case-Laws Central Excise Thu, 30 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298180