2009 (7) TMI 159

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.... question is refomulated as   under :- "In view of the decision by Hon'ble Supreme Court in the case of M/s. Sony India Ltd. and Hon'ble Allahabad High Court, does the Tribunal have the powers to reduce mandatory penalty under Section 11AC or whether the penalty levied u/s. 11AC shall be equal to the amount of duty u/s. 11AC of Central Excise Act, 1944 when the finding on duty evasion....