2008 (3) TMI 244

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..... pellants field this appeal against the revised order of the Commissioner of Central Excise whereby penalty of Rs. 8,911/- was imposed under Section 76 of the Finance Act, 1944. 2. After hearing both the sides and on perusal of the record, I find that the Adjudicating Authority did not impose any penalty in exercise of power under Section 80 of the Finance Act. He observed that the appellants paid .....

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..... imited company and they cannot ignore responsibility for late payment of tax and filing of return. 3. After considering the facts and circumstances of the case, I find the finding of the Adjudicating Authority is reasonable and has rightly dropped the penalty under Section 80 of the Finance, Act, 1994. Accordingly, the impugned order of Commissioner is set aside and the order of the Adjudicating .....

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