https://www.taxtmi.com/caselaws?id=214398 Section 11AC of the Central Excise Act permits a reduced penalty of 25% only on strict compliance with the statutory conditions, including payment of duty, interest and the reduced penalty within 30 days from communication of the original adjudicating authority's order. The provision does not require a separate determination of 25% penalty by the adjudicating authority, and the appellate forum cannot extend or re-open the statutory time limit. The reduced-penalty concession is therefore conditional and must be availed within the period fixed by the statute. en-us Mon, 25 Jun 2012 00:00:00 +0530 Sat, 09 Mar 2013 11:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214398 Section 11AC of the Central Excise Act permits a reduced penalty of 25% only on strict compliance with the statutory conditions, including payment of duty, interest and the reduced penalty within 30 days from communication of the original adjudicating authority's order. The provision does not require a separate determination of 25% penalty by the adjudicating authority, and the appellate forum cannot extend or re-open the statutory time limit. The reduced-penalty concession is therefore conditional and must be availed within the period fixed by the statute. Case-Laws Central Excise Mon, 25 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214398