https://www.taxtmi.com/caselaws?id=151128 The High Court upheld the Tribunal's decision to reduce the penalty imposed under Section 11AC to 25% of the duty amount, citing previous judgments and settled propositions. The Court directed the adjudicating authority to explicitly mention the availability of reduced penalty in the order and ensure compliance with the statutory obligations. The Tax Appeal was dismissed, subject to the clarifications provided regarding compliance with preconditions for reduced penalty and the obligation to communicate outstanding amounts for timely payment. en-us Wed, 17 Feb 2010 00:00:00 +0530 Thu, 16 Oct 2014 08:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151128 The High Court upheld the Tribunal's decision to reduce the penalty imposed under Section 11AC to 25% of the duty amount, citing previous judgments and settled propositions. The Court directed the adjudicating authority to explicitly mention the availability of reduced penalty in the order and ensure compliance with the statutory obligations. The Tax Appeal was dismissed, subject to the clarifications provided regarding compliance with preconditions for reduced penalty and the obligation to communicate outstanding amounts for timely payment. Case-Laws Central Excise Wed, 17 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151128