2001 (6) TMI 87 - Central Excise

Extract:
.......to the tune of around 12 lakhs approximately, we note that the issue involved was not free from doubt at the relevant time and the law was only settled subsequenlty with the passing of judgment by the Larger Bench. As such we set aside the imposition of personal penalty of Rs. 10 lakhs on the appellants. 8. The appeal is disposed of in above terms.