https://www.taxtmi.com/caselaws?id=207829 The Appellate Tribunal CESTAT, Ahmedabad, increased the penalty against the respondents to match the duty confirmed under Section 11AC of the Central Excise Act, emphasizing the mandatory nature of penalties. The Tribunal also extended the option for the appellants to pay 25% of the penalty within 30 days, following the precedent set in a previous case, ensuring fairness and compliance with legal provisions. The decision aimed to uphold legal principles while providing an opportunity for the appellants to reduce the penalty amount by adhering to specified conditions within the given timeframe. en-us Fri, 01 Jul 2011 00:00:00 +0530 Tue, 27 Dec 2011 07:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207829 The Appellate Tribunal CESTAT, Ahmedabad, increased the penalty against the respondents to match the duty confirmed under Section 11AC of the Central Excise Act, emphasizing the mandatory nature of penalties. The Tribunal also extended the option for the appellants to pay 25% of the penalty within 30 days, following the precedent set in a previous case, ensuring fairness and compliance with legal provisions. The decision aimed to uphold legal principles while providing an opportunity for the appellants to reduce the penalty amount by adhering to specified conditions within the given timeframe. Case-Laws Central Excise Fri, 01 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207829