2002 (4) TMI 131

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....f penalty under 11AC of the C.E. Act, 1944 to the extent of Rs. 2,24,919/-. The appellants are not contesting the confirmation of duty. It is contended that penalty under 11AC cannot be imposed to the equivalent amount of duty as held by the Hon'ble President in the case of Punjab Recorders Ltd. v. CCE, Chandigarh reported in 2001 (132) E.L.T. 41 (Tri-Del). It is also contended that the period inv....

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....s been imposed as violation of the provisions of law has taken place after the promulgation of the amended provision and there is no ground for reducing the same or for remand of the matter. 4. On a consideration of the submissions made I agree with the grounds raised by the learned Consultant that it is not mandatory that in every case penalty equal to the amount of duty should be imposed. Exten....