https://www.taxtmi.com/caselaws?id=125936 The Tribunal ruled in favor of the appellant, holding that the penalty under Section 11AC should be reduced to 25% of the duty amount since they had reversed the Cenvat credit and paid interest before the show cause notice was issued. The appellant was directed to pay the reduced penalty within 30 days, failing which the full penalty amount would be due. en-us Mon, 10 Aug 2009 00:00:00 +0530 Mon, 18 Feb 2013 13:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=125936 The Tribunal ruled in favor of the appellant, holding that the penalty under Section 11AC should be reduced to 25% of the duty amount since they had reversed the Cenvat credit and paid interest before the show cause notice was issued. The appellant was directed to pay the reduced penalty within 30 days, failing which the full penalty amount would be due. Case-Laws Central Excise Mon, 10 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=125936