2011 (7) TMI 310

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..... law for adopting the criteria of reducing penalty to 25%,find that the main manufacturer having been deposited the entire duty along with interest and 25% of penalty, reduction in penalties imposed upon the present appellants is called for in the interest of justice - Accordingly, reduce the penalties imposed on the all the appellants to 25% of penalties imposed by the lower authorities. - E/21 .....

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..... interest and 25% of the penalty. They are not one of the appellants before us. 3. The present appellants are partner of M/s. Galaxy Glass Industries, and directors of the unit, who have purchased the clandestine manufactured goods from them. Penalty imposed upon the partner Shri Pradeep C. Khant is to the extent of Rs. One lakh. Penalties of Rs. 47,297/- and of Rs. 70.749/- have been imposed .....

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