https://www.taxtmi.com/caselaws?id=120931 The Tribunal ruled in favor of the respondents, setting aside the penalty imposed on them, which was lower than the confirmed duty amount. The decision was based on the interpretation of Section 11AC of the Central Excise Act, 1944, considering that the duty had been paid before the show cause notice was issued. The Tribunal aligned with the Bombay High Court's stance that Section 11AC does not apply in such cases. The penalty was annulled, and no escalation in the penalty amount was deemed necessary. en-us Wed, 31 Jan 2007 00:00:00 +0530 Wed, 25 Jul 2012 14:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120931 The Tribunal ruled in favor of the respondents, setting aside the penalty imposed on them, which was lower than the confirmed duty amount. The decision was based on the interpretation of Section 11AC of the Central Excise Act, 1944, considering that the duty had been paid before the show cause notice was issued. The Tribunal aligned with the Bombay High Court's stance that Section 11AC does not apply in such cases. The penalty was annulled, and no escalation in the penalty amount was deemed necessary. Case-Laws Central Excise Wed, 31 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120931