https://www.taxtmi.com/caselaws?id=765596 The CESTAT New Delhi dismissed the appeal regarding appropriation of pre-deposited amounts. The appellant had deposited Rs. 61,06,692 during investigation under "other receipts" anticipating penalty liability. After the order was passed, this amount was adjusted against the required 25% penalty deposit to avail reduced penalty benefits. The tribunal held that the same amount cannot be simultaneously adjusted towards both duty and penalty obligations. Since the pre-deposited amount was already utilized for penalty purposes, it could not be redirected towards duty payment, as this would result in insufficient penalty payment below the required 25% threshold. en-us Tue, 04 Feb 2025 00:00:00 +0530 Wed, 05 Feb 2025 08:38:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765596 The CESTAT New Delhi dismissed the appeal regarding appropriation of pre-deposited amounts. The appellant had deposited Rs. 61,06,692 during investigation under "other receipts" anticipating penalty liability. After the order was passed, this amount was adjusted against the required 25% penalty deposit to avail reduced penalty benefits. The tribunal held that the same amount cannot be simultaneously adjusted towards both duty and penalty obligations. Since the pre-deposited amount was already utilized for penalty purposes, it could not be redirected towards duty payment, as this would result in insufficient penalty payment below the required 25% threshold. Case-Laws Central Excise Tue, 04 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765596