2003 (1) TMI 217

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..... nalty imposed on the appellant from Rs. 1.82 lakhs to Rs. 79,000/- approx. The penalty was imposed on the ground that the appellant did not pay duty on the scrap that arose in the manufacture of components of heat exchangers. The scrap emerged between 1995 and 1998 at the premises of the job worker, whereas the duty was paid in June, 2000. 3. The contention Mr. R. Viswanathan, Senior Executive o .....

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..... t if the appellant, who can pay duty to the extent of Rs. 500 crores annually to pay Rs. 70,000/- towards penalty. As the departmental representative points out the duty was only paid after the department came to know of its non-payment. In my view, in such a situation, there is no justification for even reducing the penalty. The decisions of the Tribunal which the appellant cites have to be consi .....

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