https://www.taxtmi.com/caselaws?id=48236 The High Court upheld the Tribunal's decision to reduce the penalty imposed on a manufacturing company for short payment of excise duty. The Tribunal reduced the penalty from Rs. 35 Lakhs to Rs. 2 Lakhs, considering that the company had paid the entire duty amount with interest and there was no mens rea involved. The Court supported the Tribunal's interpretation that a penalty equal to duty is not mandatory unless there is intentional wrongdoing, citing a previous Supreme Court ruling. The Court dismissed the reference without costs. en-us Fri, 30 Mar 2007 00:00:00 +0530 Tue, 03 Aug 2010 13:16:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=48236 The High Court upheld the Tribunal's decision to reduce the penalty imposed on a manufacturing company for short payment of excise duty. The Tribunal reduced the penalty from Rs. 35 Lakhs to Rs. 2 Lakhs, considering that the company had paid the entire duty amount with interest and there was no mens rea involved. The Court supported the Tribunal's interpretation that a penalty equal to duty is not mandatory unless there is intentional wrongdoing, citing a previous Supreme Court ruling. The Court dismissed the reference without costs. Case-Laws Central Excise Fri, 30 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=48236