https://www.taxtmi.com/caselaws?id=52026 In a central excise penalty dispute, the Tribunal considered whether the penalty was excessive and whether the principle underlying the first proviso to Section 11AC of the Central Excise Act, 1944 could justify reduction. The appellants had paid the duty before issuance of the show cause notice, and although the proviso was not directly applicable to the period in question, the Tribunal applied its underlying principle to scale down the penalty. The penalty was reduced to Rs. 75,000, granting the appellant partial relief. en-us Tue, 12 Aug 2003 00:00:00 +0530 Thu, 30 Sep 2010 11:35:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52026 In a central excise penalty dispute, the Tribunal considered whether the penalty was excessive and whether the principle underlying the first proviso to Section 11AC of the Central Excise Act, 1944 could justify reduction. The appellants had paid the duty before issuance of the show cause notice, and although the proviso was not directly applicable to the period in question, the Tribunal applied its underlying principle to scale down the penalty. The penalty was reduced to Rs. 75,000, granting the appellant partial relief. Case-Laws Central Excise Tue, 12 Aug 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52026