https://www.taxtmi.com/caselaws?id=120814 The Tribunal upheld the penalty imposed by the adjudicating authority, amounting to 25% of the duty, as the duty had been deposited within the prescribed timeframe. The Commissioner's decision to set aside the penalty was overturned, emphasizing the importance of timely payment to benefit from reduced penalties under Section 11AC. The appeal was disposed of in favor of the appellant, with no additional penalty imposed. en-us Thu, 08 Feb 2007 00:00:00 +0530 Tue, 24 Jul 2012 15:57:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120814 The Tribunal upheld the penalty imposed by the adjudicating authority, amounting to 25% of the duty, as the duty had been deposited within the prescribed timeframe. The Commissioner's decision to set aside the penalty was overturned, emphasizing the importance of timely payment to benefit from reduced penalties under Section 11AC. The appeal was disposed of in favor of the appellant, with no additional penalty imposed. Case-Laws Central Excise Thu, 08 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120814