https://www.taxtmi.com/caselaws?id=126541 The Gujarat High Court remanded a duty confirmation and penalty reduction case back to the Tribunal for reconsideration in light of Supreme Court precedent. The Tribunal upheld penalty reduction due to timely payment by the appellant, citing provisos to Section 11AC allowing for reduction if 25% of the penalty is paid within 30 days. The Tribunal's decision was based on the interpretation of penalty provisions, ultimately ruling in favor of the appellant and aligning with legal precedents. en-us Thu, 16 Jul 2009 00:00:00 +0530 Wed, 21 Nov 2012 18:46:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126541 The Gujarat High Court remanded a duty confirmation and penalty reduction case back to the Tribunal for reconsideration in light of Supreme Court precedent. The Tribunal upheld penalty reduction due to timely payment by the appellant, citing provisos to Section 11AC allowing for reduction if 25% of the penalty is paid within 30 days. The Tribunal's decision was based on the interpretation of penalty provisions, ultimately ruling in favor of the appellant and aligning with legal precedents. Case-Laws Central Excise Thu, 16 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126541