https://www.taxtmi.com/highlights?id=4205 Benefit of reduced penalty - When the legislature specifically fixes the time limit within which the duty with interest and penalty at 25% is to be paid for availing the incentive, it would neither be open to the appellate authority nor any other authority to permit the assessee to pay 25% penalty at any time other than the time prescribed under Section 11AC. - HC en-us Sat, 30 Jun 2012 12:21:09 +0530 Sat, 30 Jun 2012 12:21:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=4205 Benefit of reduced penalty - When the legislature specifically fixes the time limit within which the duty with interest and penalty at 25% is to be paid for availing the incentive, it would neither be open to the appellate authority nor any other authority to permit the assessee to pay 25% penalty at any time other than the time prescribed under Section 11AC. - HC Highlights Central Excise Sat, 30 Jun 2012 12:21:09 +0530 https://www.taxtmi.com/highlights?id=4205