https://www.taxtmi.com/caselaws?id=126716 Where duty on shortfound cenvated inputs was paid after the shortage was pointed out but before issuance of the show cause notice, the first proviso to Section 11AC of the Central Excise Act entitled the respondent to the concessional penalty mechanism. In that situation, no interest was payable, and the adjudicating authority was required to extend the option to pay 25% of the duty as penalty within 30 days from the adjudication order. The lower appellate authority applied the correct legal position, and the reduced penalty was upheld. en-us Thu, 25 Jun 2009 00:00:00 +0530 Tue, 04 Dec 2012 18:27:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126716 Where duty on shortfound cenvated inputs was paid after the shortage was pointed out but before issuance of the show cause notice, the first proviso to Section 11AC of the Central Excise Act entitled the respondent to the concessional penalty mechanism. In that situation, no interest was payable, and the adjudicating authority was required to extend the option to pay 25% of the duty as penalty within 30 days from the adjudication order. The lower appellate authority applied the correct legal position, and the reduced penalty was upheld. Case-Laws Central Excise Thu, 25 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126716