https://www.taxtmi.com/caselaws?id=204592 The Court dismissed the tax appeal challenging the reduction of mandatory penalty under Section 11AC of the Central Excise Act, 1944 by the Tribunal. It upheld the Tribunal's decision to reduce the penalty equivalent to the duty amount due to early payment before the show cause notice was issued. The Court emphasized the importance of a speaking and reasoned order, directing the adjudicating authority to communicate the outstanding penalty and interest amounts to the respondent for payment within 30 days, failing which a penalty equivalent to 100% of the duty amount would be imposed. en-us Thu, 18 Feb 2010 00:00:00 +0530 Mon, 25 Jul 2011 17:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204592 The Court dismissed the tax appeal challenging the reduction of mandatory penalty under Section 11AC of the Central Excise Act, 1944 by the Tribunal. It upheld the Tribunal's decision to reduce the penalty equivalent to the duty amount due to early payment before the show cause notice was issued. The Court emphasized the importance of a speaking and reasoned order, directing the adjudicating authority to communicate the outstanding penalty and interest amounts to the respondent for payment within 30 days, failing which a penalty equivalent to 100% of the duty amount would be imposed. Case-Laws Central Excise Thu, 18 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204592