2016 (7) TMI 1289

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..... of duty and interest was upheld while penalty was set aside - Held that: - Respectfully following the said judgment of the Tribunal, we partly allow the appeal of M/s Audi Automobiles only to the extent that the penalty is set aside - appeal allowed - decided partly in favor of appellant. - E/1286-1288/2009-Ex[DB] - 53421-52433/2016 - Dated:- 8-7-2016 - S. K. Mohanty (Judicial Member) And R. K .....

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..... per provisions of Section 11-AB of the Central Excise Act, 1944. iii) A penalty of ₹ 1,81,29,621/- (Rs. One Crore Eighty One Lacs Twenty Nine Thousand Six Hundred and Twenty One only) is imposed on the Noticee No. 1 under Section 11-AC of the Central Excise Act, 1944 read with Rule 25 and 27 of the Central Excise Rules, 2002. iv) A penalty of ₹ 30,00,000/- (Rs. Thirty Lacs Only) .....

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