2000 (5) TMI 888 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Kolkata reduced the personal penalty imposed on the appellants from Rs. 30,000 to Rs. 2,000. The appellants admitted the duty confirmed by the Commissioner but challenged the penalty amount under Rule 173Q. They had paid the duty immediately and were entitled to Modvat credit, which was considered a mitigating factor. The penalty was reduced due to their prompt payment and overall conduct.