2006 (11) TMI 214

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..... unal (for short, "the Tribunal"), seeking reference of following question of law :- "Whether CEGAT can reduce the mandatory penalty imposed under Section 114A of the Customs Act, which is equal to duty demanded?" 2. The assessee claimed the benefit of Special Additional Duty of customs in respect of its import. The said claim was disallowed and apart from demand of duty, interest was charged a .....

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..... or interest, as the case may be, as determined under sub-section (2) of Section 28 shall also be liable to pay a penalty equal to the duty or interest so determined]." 5. We have already gone into this question while interpreting Section 11AC of the Central Excise Act in our judgment dated 21-7-2006 in Commissioner of Central Excise, Delhi-IV v. M/s. Illpea Paramount Pvt. Limited, C.E.A No 56 o .....

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