https://www.taxtmi.com/caselaws?id=245466 The Tribunal recalled the ex parte order due to the absence of the Senior Advocate, confirmed the duty demand against the company, and reduced the penalty to Rs. 5 lakhs. The High Court remanded the matter for reconsideration of the penalty amount based on a Supreme Court decision. The Tribunal determined that a 100% penalty under Section 11AC is mandatory once applied, aligning with Supreme Court judgments. Penalties under Section 11AC cannot be reduced once deemed applicable, as per the Tribunal's decision. en-us Tue, 28 Feb 2012 00:00:00 +0530 Mon, 31 Mar 2014 06:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245466 The Tribunal recalled the ex parte order due to the absence of the Senior Advocate, confirmed the duty demand against the company, and reduced the penalty to Rs. 5 lakhs. The High Court remanded the matter for reconsideration of the penalty amount based on a Supreme Court decision. The Tribunal determined that a 100% penalty under Section 11AC is mandatory once applied, aligning with Supreme Court judgments. Penalties under Section 11AC cannot be reduced once deemed applicable, as per the Tribunal's decision. Case-Laws Central Excise Tue, 28 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245466