Tirumala Alloys And Castings (P) Ltd. vs Commissioner Of Central Excise on 19 May, 2006
3. It is noticed that the penalty under consideration is one imposed under the 4th proviso to Rule 96ZO(3) which is pari materia to the 4th proviso to 96 ZP(3) considered by the High Court in PEE AAR Steels (supra), but the Hon'ble High Court's ruling was not followed by this Tribunal in the case of Thangam Steels (supra).