2005 (2) TMI 276 - AT - Central Excise

Summary

The appeal was against the reduction of penalty from Rs. 40,000 to Rs. 20,000 by the Commissioner (Appeals). The Revenue argued for mandatory penalty equivalent to the duty under Rule 96ZQ(5). The Tribunal upheld the Commissioner's order, citing legislative intention to not entertain small disputes in second appeals when penalty is below Rs. 50,000. The appeal was dismissed.