https://www.taxtmi.com/caselaws?id=210948 The Tribunal rejected the appeal, confirming duty demand and interest, re-quantification of duty liability, and payment of penalty under Section 11AC of the Central Excise Act. The appellant accepted the re-quantified duty liability but sought to pay penalty at 25% of the duty amount. Referring to a High Court decision, the Tribunal upheld this benefit if the appellant deposited the penalty within 30 days. This judgment clarifies the penalty payment process under Section 11AC, emphasizing the benefit available when duty liability and interest are settled promptly. en-us Fri, 30 Sep 2011 00:00:00 +0530 Tue, 28 Feb 2012 07:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210948 The Tribunal rejected the appeal, confirming duty demand and interest, re-quantification of duty liability, and payment of penalty under Section 11AC of the Central Excise Act. The appellant accepted the re-quantified duty liability but sought to pay penalty at 25% of the duty amount. Referring to a High Court decision, the Tribunal upheld this benefit if the appellant deposited the penalty within 30 days. This judgment clarifies the penalty payment process under Section 11AC, emphasizing the benefit available when duty liability and interest are settled promptly. Case-Laws Central Excise Fri, 30 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210948