https://www.taxtmi.com/caselaws?id=445118 The Tribunal reduced the penalty imposed on the appellants from Rs.10 lakhs each to Rs.50,000 each. This decision considered the settlement by the main noticee, M/s. Micro Spares, under the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019, and the appellants' belief that they would be discharged as co-noticees. The Tribunal emphasized that reducing the penalty served the ends of justice, and the appeals were disposed of accordingly. en-us Mon, 30 Oct 2023 00:00:00 +0530 Tue, 31 Oct 2023 18:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445118 The Tribunal reduced the penalty imposed on the appellants from Rs.10 lakhs each to Rs.50,000 each. This decision considered the settlement by the main noticee, M/s. Micro Spares, under the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019, and the appellants' belief that they would be discharged as co-noticees. The Tribunal emphasized that reducing the penalty served the ends of justice, and the appeals were disposed of accordingly. Case-Laws Central Excise Mon, 30 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445118