https://www.taxtmi.com/caselaws?id=425160 The High Court reviewed a case involving allegations of Central Excise duty suppression and short payment. The petitioner applied to the Settlement Commission, which adjusted duty liability, granted immunity from penalty over Rs.10 lakhs, and imposed a fine. The Court found the penalty imposition lacking detailed reasoning, interfering with the Commission's decision. The Court made the rule absolute, cancelling the penalty and directing the return of the bank guarantee. en-us Thu, 14 Jul 2022 00:00:00 +0530 Mon, 18 Jul 2022 09:14:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425160 The High Court reviewed a case involving allegations of Central Excise duty suppression and short payment. The petitioner applied to the Settlement Commission, which adjusted duty liability, granted immunity from penalty over Rs.10 lakhs, and imposed a fine. The Court found the penalty imposition lacking detailed reasoning, interfering with the Commission's decision. The Court made the rule absolute, cancelling the penalty and directing the return of the bank guarantee. Case-Laws Central Excise Thu, 14 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425160