https://www.taxtmi.com/caselaws?id=128019 The Tribunal held that under Section 11AC of the Central Excise Act, 1944, if duty is paid before the show cause notice, penalty is restricted to 25% of the duty amount. In this case, the penalty of Rs. 3,25,000/- was reduced to 25% of the duty demand of Rs. 5,67,934/-. The assessee was directed to pay the reduced penalty within 30 days. If not paid within the stipulated time, a 100% penalty would be applicable. Both the Revenue's and the assessee's appeals were disposed of on 28-8-2009. en-us Fri, 28 Aug 2009 00:00:00 +0530 Mon, 25 Mar 2013 18:03:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=128019 The Tribunal held that under Section 11AC of the Central Excise Act, 1944, if duty is paid before the show cause notice, penalty is restricted to 25% of the duty amount. In this case, the penalty of Rs. 3,25,000/- was reduced to 25% of the duty demand of Rs. 5,67,934/-. The assessee was directed to pay the reduced penalty within 30 days. If not paid within the stipulated time, a 100% penalty would be applicable. Both the Revenue's and the assessee's appeals were disposed of on 28-8-2009. Case-Laws Central Excise Fri, 28 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=128019