https://www.taxtmi.com/caselaws?id=243758 The High Court upheld the Tribunal's interpretation of the proviso of Section 11AC of the Central Excise Act, affirming that an assessee can avail of a reduced penalty of 25% by depositing interest and penalty within 30 days without redetermining the duty amount. The Court dismissed the appeal, finding no error in the Tribunal's decision and emphasizing the consistency with previous rulings. en-us Wed, 04 May 2011 00:00:00 +0530 Mon, 10 Feb 2014 07:53:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243758 The High Court upheld the Tribunal's interpretation of the proviso of Section 11AC of the Central Excise Act, affirming that an assessee can avail of a reduced penalty of 25% by depositing interest and penalty within 30 days without redetermining the duty amount. The Court dismissed the appeal, finding no error in the Tribunal's decision and emphasizing the consistency with previous rulings. Case-Laws Central Excise Wed, 04 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243758