https://www.taxtmi.com/circulars?id=5335 The first and second provisos to section 11AC provide a reduced-penalty incentive for prompt payment of duty and interest; because this operates as an option available to the assessee, the Board requires that every adjudication Order-in-Original imposing penalty under section 11AC must mandatorily state the provisions of those provisos so the assessee is informed of the reduced-penalty alternative and the conditions for claiming it. en-us Thu, 22 May 2008 00:00:00 +0530 Sat, 11 Oct 2008 22:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5335 The first and second provisos to section 11AC provide a reduced-penalty incentive for prompt payment of duty and interest; because this operates as an option available to the assessee, the Board requires that every adjudication Order-in-Original imposing penalty under section 11AC must mandatorily state the provisions of those provisos so the assessee is informed of the reduced-penalty alternative and the conditions for claiming it. Circulars Central Excise Thu, 22 May 2008 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5335