https://www.taxtmi.com/caselaws?id=210549 The High Court held that under Section 11AC of the Central Excise Act, once the conditions are met, the authority cannot reduce the penalty below the determined duty amount, regardless of when the duty was paid. The Court ruled in favor of the revenue, stating that the penalty should be equivalent to the duty demanded. The Court also emphasized the necessity for the authority to provide reasons for reducing the penalty, setting aside the Tribunal's decision to reduce the penalty without proper grounds. The appeal was disposed of accordingly, reaffirming the importance of following statutory provisions and established precedents in penalty imposition for duty evasion. en-us Fri, 30 Sep 2011 00:00:00 +0530 Sat, 06 Oct 2012 14:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210549 The High Court held that under Section 11AC of the Central Excise Act, once the conditions are met, the authority cannot reduce the penalty below the determined duty amount, regardless of when the duty was paid. The Court ruled in favor of the revenue, stating that the penalty should be equivalent to the duty demanded. The Court also emphasized the necessity for the authority to provide reasons for reducing the penalty, setting aside the Tribunal's decision to reduce the penalty without proper grounds. The appeal was disposed of accordingly, reaffirming the importance of following statutory provisions and established precedents in penalty imposition for duty evasion. Case-Laws Central Excise Fri, 30 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210549