2005 (2) TMI 276

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....duction of penalty from Rs. 40,000/- to Rs. 20,000/- by the Commissioner (Appeals). The Revenue has filed this appeal saying penalty equivalent to the duty involved is mandatory under Rule 96ZQ(5). During the hearing, learned DR placed reliance on the decision of the Allahabad High Court in the case of Pee Aar Steels (P) Ltd. vs. CCE, Meerut - 2004 (170) E.L.T. 406 (All.) = 2004 (93) ECC 633 (All.....