https://www.taxtmi.com/caselaws?id=236243 The Tribunal upheld the Commissioner (Appeals)'s decision to reduce the penalty to 25% of the duty amount already paid by the company, emphasizing voluntary compliance and adherence to legal provisions. The company's voluntary payment within the specified timeframe led to the penalty reduction, in line with the optional settlement scheme aimed at expediting tax collection and reducing litigation. The Tribunal rejected the revenue's appeal, affirming the penalty reduction based on the provisions of Section 11AC of the Central Excise Act, 1944. en-us Fri, 05 Apr 2013 00:00:00 +0530 Wed, 21 Aug 2013 07:40:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236243 The Tribunal upheld the Commissioner (Appeals)'s decision to reduce the penalty to 25% of the duty amount already paid by the company, emphasizing voluntary compliance and adherence to legal provisions. The company's voluntary payment within the specified timeframe led to the penalty reduction, in line with the optional settlement scheme aimed at expediting tax collection and reducing litigation. The Tribunal rejected the revenue's appeal, affirming the penalty reduction based on the provisions of Section 11AC of the Central Excise Act, 1944. Case-Laws Central Excise Fri, 05 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236243