AI Drafter - (New and Powerful) 
Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter. 
TaxTMI 
TaxTMI 
2019 (2) TMI 445
X X X X Extracts X X X X
X X X X Extracts X X X X
....ellant. Mr Bhanu Kiran, A.R. for the Respondent. ORDER Per: M.V. Ravindran These two appeals are directed against order-in-appeal No. 44-2010 dated 15/07/2010 and Order-in-Appeal No. 27/2010 dated 12/04/2010 2. Heard both sides and perused the records. 3. On perusal of records, we find that the issue that falls for consideration of the Bench is regarding reduction of redemption f....
X X X X Extracts X X X X
X X X X Extracts X X X X
....e Tribunal has held that the redemption fine should be 10% of the assessable value and penalty should be 5% of the assessable value: 1. Rex Printing Press Vs CCE Calcutta [2005 (184) ELT 73] 2. Monisha Industries Pvt Ltd [2007 (79) RLT 496] 3. HT & Co., [2006 (74) RLT 599] 4. Big Apple Mfg FO. No 837-841/2006 dt 26.04.2006 5. Big Apple Mfg Co. FO No. 231-232/2005 dt 14.2.2005 6. ....