2015 (9) TMI 676 - HC - Central Excise

Penalty u/s 11AC - Tribunal reduced penalty - Held that - In the light of the Judgment of the Apex Court in the case of Union of India v/s. Rajasthan Spinning & Weaving Mills, reported in 2009 (5) TMI 15 - SUPREME COURT OF INDIA , Counsel for the parties state that the impugned order of the CESTAT be quashed and set aside and the matter be restored to the file of the CESTAT for fresh decision on merits in accordance with law. - impugned decision of the CESTAT dated 22.11.2005 is quashed and set aside and the matter is restored to the file of the CESTAT - Decided in favour of Revenue.

Summary

The High Court of Bombay quashed and set aside the decision of the CESTAT and restored the matter for fresh decision on merits in accordance with the law. The appeal was disposed of with no order as to costs.