https://www.taxtmi.com/caselaws?id=122699 The Tribunal dismissed the application for modification/rectification of the Final Order regarding penalty under Section 11AC of the Central Excise Act. The Tribunal held that penalty under Section 11AC was applicable due to the contravention of Act provisions as excisable goods were cleared without payment of duty. Relying on legal precedents, the Tribunal emphasized that the penalty could not be reduced unless duty, interest, and penalty were paid within 30 days. Since the penalty was not paid within the specified time frame, the application for modification/rectification was dismissed. en-us Fri, 27 Jul 2007 00:00:00 +0530 Thu, 16 Aug 2012 15:59:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122699 The Tribunal dismissed the application for modification/rectification of the Final Order regarding penalty under Section 11AC of the Central Excise Act. The Tribunal held that penalty under Section 11AC was applicable due to the contravention of Act provisions as excisable goods were cleared without payment of duty. Relying on legal precedents, the Tribunal emphasized that the penalty could not be reduced unless duty, interest, and penalty were paid within 30 days. Since the penalty was not paid within the specified time frame, the application for modification/rectification was dismissed. Case-Laws Central Excise Fri, 27 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122699