2006 (10) TMI 423 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT Mumbai, in the case of Krishna Kumar, set aside the penalty imposed by the Commissioner (Appeals) and restored the penalty amount under section 76 of the Finance Act, 1994 to the originally determined amount. The Tribunal found the penalty imposed by the Commissioner (Appeals) to be unduly harsh and relied on a previous decision to support its ruling. The appeal was allowed in favor of the appellant.