https://www.taxtmi.com/caselaws?id=209202 The Appellate Tribunal CESTAT, Mumbai, found the penalty imposed under Section 11AC of the Central Excise Act, 1944, to be erroneous and directed the appellant to pay 25% of the duty amount as penalty within 30 days. Failure to comply would result in the appellants having to pay the entire duty amount as a penalty. The judgment clarified the application of Section 11AC in the context of pre-deposit of penalties under the Act, providing guidance for future cases. en-us Fri, 18 Feb 2011 00:00:00 +0530 Sat, 27 Jul 2013 02:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209202 The Appellate Tribunal CESTAT, Mumbai, found the penalty imposed under Section 11AC of the Central Excise Act, 1944, to be erroneous and directed the appellant to pay 25% of the duty amount as penalty within 30 days. Failure to comply would result in the appellants having to pay the entire duty amount as a penalty. The judgment clarified the application of Section 11AC in the context of pre-deposit of penalties under the Act, providing guidance for future cases. Case-Laws Central Excise Fri, 18 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209202