2014 (4) TMI 10

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..... KS/478/2004 dated 29/10/2004 passed by the Commissioner of Central Excise & Customs (Appeals), Pune-II. 2. Vide the impugned order the lower appellate authority has reduced the penalty imposed on the appellant from Rs.10 lakhs to Rs 71/2 lakhs. Aggrieved of the same, the Revenue is before me. 3. In the appeal memorandum it has been urged that, the appellant has been frequently defaulting in paym .....

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..... e lower appellate authority for reduction of penalty is that the company was registered with the BIFR and since duty along with interest have already been paid, he took a lenient view and reduced the penalty. The hon'ble High Court of Bombay in Writ Petition No. 5868/2004 vide order dated 29/07/2004 has observed that, the respondent in the present case, initiated proceedings under SICA 1985 on .....

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