https://www.taxtmi.com/caselaws?id=241732 Where Section 11AC of the Central Excise Act applies, the assessee is entitled to the statutory option of reduced penalty on payment of duty, interest and 25% of the penalty within the prescribed 30 days. The Gujarat HC held that, although the adjudicating authority and first appellate authority had not granted that option, the Tribunal could still extend the benefit in accordance with the settled line of decisions. The Tribunal's direction allowing payment of the reduced penalty within 30 days was therefore upheld, and the Revenue's challenge failed. en-us Wed, 27 Feb 2013 00:00:00 +0530 Mon, 10 Apr 2017 12:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241732 Where Section 11AC of the Central Excise Act applies, the assessee is entitled to the statutory option of reduced penalty on payment of duty, interest and 25% of the penalty within the prescribed 30 days. The Gujarat HC held that, although the adjudicating authority and first appellate authority had not granted that option, the Tribunal could still extend the benefit in accordance with the settled line of decisions. The Tribunal's direction allowing payment of the reduced penalty within 30 days was therefore upheld, and the Revenue's challenge failed. Case-Laws Central Excise Wed, 27 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241732