https://www.taxtmi.com/caselaws?id=241621 Payment of duty, interest and the prescribed 25% penalty on issuance of a show cause notice was treated as bringing statutory finality to the proceedings under the Central Excise Act. The adjudicating authority applied Section 11AC(1A) read with Section 11A(2) to close the matter, and the tribunal found no merit in the Revenue's challenge to that statutory closure. On that basis, further penalty proceedings against the assessee and other persons arising from the same cause were not sustained, and the dismissal of the appeal left the closure in favour of the assessee undisturbed. en-us Wed, 08 Aug 2012 00:00:00 +0530 Sat, 28 Dec 2013 09:29:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241621 Payment of duty, interest and the prescribed 25% penalty on issuance of a show cause notice was treated as bringing statutory finality to the proceedings under the Central Excise Act. The adjudicating authority applied Section 11AC(1A) read with Section 11A(2) to close the matter, and the tribunal found no merit in the Revenue's challenge to that statutory closure. On that basis, further penalty proceedings against the assessee and other persons arising from the same cause were not sustained, and the dismissal of the appeal left the closure in favour of the assessee undisturbed. Case-Laws Central Excise Wed, 08 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241621