2001 (12) TMI 162 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai dismissed appeals against penalties imposed for late or short payment of duty, except for Appeal E/329/2001 where the penalty was reduced and set aside in part. Penalty amounts and rules cited in the judgment include Rule 96ZO, Rule 96ZP, and Rule 173Q. Financial hardship was not accepted as a valid explanation for late payments. The Tribunal confirmed penalties for most cases but reduced and set aside penalties in Appeal E/329/2001 due to specific circumstances.