https://www.taxtmi.com/caselaws?id=78703 Penalty under Section 11AC of the Central Excise Act can be confined to the reduced amount where the duty liability is discharged before issuance of the show-cause notice. The Gujarat HC held that, on these facts, the assessee was entitled to the benefit of the first and second provisos to Section 11AC because the duty had already been deposited before notice. The Tribunal's decision sustaining penalty at 25% of the duty was therefore approved, and the Revenue's challenge failed. en-us Thu, 21 Jan 2010 00:00:00 +0530 Wed, 22 Jun 2016 10:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=78703 Penalty under Section 11AC of the Central Excise Act can be confined to the reduced amount where the duty liability is discharged before issuance of the show-cause notice. The Gujarat HC held that, on these facts, the assessee was entitled to the benefit of the first and second provisos to Section 11AC because the duty had already been deposited before notice. The Tribunal's decision sustaining penalty at 25% of the duty was therefore approved, and the Revenue's challenge failed. Case-Laws Central Excise Thu, 21 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=78703