https://www.taxtmi.com/caselaws?id=205711 The Tribunal upheld the lower authorities' decisions confirming demands and interest liabilities due to admitted clandestine clearance. Regarding penalties under Section 11AC, the Tribunal concurred with the Revenue, emphasizing that such penalties apply to clandestine removals. The Tribunal offered the assessees the choice to pay a penalty equal to 25% of the confirmed duty within 30 days, warning of full penalty liability if not paid promptly. Personal penalties on individuals who were partners or directors of the assessees were reduced by 50% due to specific case circumstances, with the Tribunal modifying the impugned orders accordingly. en-us Wed, 24 Aug 2011 00:00:00 +0530 Wed, 14 Sep 2011 10:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205711 The Tribunal upheld the lower authorities' decisions confirming demands and interest liabilities due to admitted clandestine clearance. Regarding penalties under Section 11AC, the Tribunal concurred with the Revenue, emphasizing that such penalties apply to clandestine removals. The Tribunal offered the assessees the choice to pay a penalty equal to 25% of the confirmed duty within 30 days, warning of full penalty liability if not paid promptly. Personal penalties on individuals who were partners or directors of the assessees were reduced by 50% due to specific case circumstances, with the Tribunal modifying the impugned orders accordingly. Case-Laws Central Excise Wed, 24 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205711