https://www.taxtmi.com/caselaws?id=765826 The Court ruled that penalties on co-noticees should be set aside if the main party's case is settled under the SVLDR Scheme, 2019, aligning with the Division Bench decision in the Prakash Steelage Ltd case. It emphasized that the scheme's purpose is to collect duty and waive penalties. Additionally, the Court determined that Division Bench judgments should take precedence over Single Member Bench decisions in cases of conflicting interpretations, thereby ensuring judicial discipline. The appeal was allowed, and penalties on co-noticees were annulled, affirming the primacy of Division Bench rulings. en-us Wed, 05 Feb 2025 00:00:00 +0530 Tue, 11 Feb 2025 07:18:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765826 The Court ruled that penalties on co-noticees should be set aside if the main party's case is settled under the SVLDR Scheme, 2019, aligning with the Division Bench decision in the Prakash Steelage Ltd case. It emphasized that the scheme's purpose is to collect duty and waive penalties. Additionally, the Court determined that Division Bench judgments should take precedence over Single Member Bench decisions in cases of conflicting interpretations, thereby ensuring judicial discipline. The appeal was allowed, and penalties on co-noticees were annulled, affirming the primacy of Division Bench rulings. Case-Laws Central Excise Wed, 05 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765826