https://www.taxtmi.com/caselaws?id=111422 The tribunal upheld the imposition of a penalty under Section 11AC of the Central Excise Act on the appellant, a tap-off-the-point station, despite their prompt payment of duty upon realizing the error. The penalty was reduced to Rs. 15,00,000, already deposited by the appellant, taking into account their status as a Public Sector Undertaking. The tribunal found the appellant liable for the penalty due to the significant period during which duty was not paid until investigations prompted compliance, rejecting the appeal on other grounds. en-us Tue, 20 Jan 2004 00:00:00 +0530 Mon, 23 Apr 2012 14:55:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111422 The tribunal upheld the imposition of a penalty under Section 11AC of the Central Excise Act on the appellant, a tap-off-the-point station, despite their prompt payment of duty upon realizing the error. The penalty was reduced to Rs. 15,00,000, already deposited by the appellant, taking into account their status as a Public Sector Undertaking. The tribunal found the appellant liable for the penalty due to the significant period during which duty was not paid until investigations prompted compliance, rejecting the appeal on other grounds. Case-Laws Central Excise Tue, 20 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111422