2007 (6) TMI 213

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..... initiated action is not convincing – Therefore there is justification for some penalty under Section 76 – taking the entire facts and circumstances of the case, penalty u/s 76 is further reduced to Rs. 5,000 from Rs. 25,000 - Appeal is allowed partly - ST/119/2007 - A/1552/2007-WZB/AHD - Dated:- 22-6-2007 - Shri M. Veeraiyan, Member (T) Shri P.G. Bhuptani, C.A., for the Appellant. Shri .....

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..... non-payment of duty till department initiated action is not convincing. Therefore there is justification for some penalty under Section 76 of the Finance Act. However, taking the entire facts and circumstances of the case, I reduce the penalty to Rs. 5,000/- (Rupees five thousand only) from Rs. 16,000/-. 4. Appeal is allowed partly on the above terms. Stay petition is also disposed off. (Di .....

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