2005 (9) TMI 119

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....tated to be substantial questions of law have been proposed by the appellant-revenue : "1. Whether in the facts and circumstances of the case, Rule 96-Q(5) of the Central Excise Rules, 1944 provides for if an independent process fails to pay the amount of duty or any part thereof by the date specified in sub-rule (3), he shall be liable to i. pay the outstanding amount of duty along with interes....

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....ority had levied penalties of Rs. 9,00,000/- and Rs. 3,00,000/- relateable to different periods. The respondent-assessee carried the matter in appeal before the Commissioner (Appeals) who, by his order dated 31 March, 2003, reduced the penalties in relation to the first order from Rs. 9,00,000/- to Rs. 2,70,000/- and in the second case from Rs. 3,00,000/- to Rs. 1,50,000/-. The assessee carried th....