https://www.taxtmi.com/caselaws?id=246653 The Tribunal found the penalty reduction erroneous as the respondent did not deposit the duty within 30 days, ordering the respondent to pay the initially imposed penalty of Rs. 3,17,089 for clandestine cement removal. The case highlights the strict application of Section 11AC of the Central Excise Act, emphasizing the importance of timely duty payment for penalty reduction and adherence to statutory provisions to avoid consequences under the Act. en-us Tue, 06 Nov 2012 00:00:00 +0530 Sun, 20 Apr 2014 16:37:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246653 The Tribunal found the penalty reduction erroneous as the respondent did not deposit the duty within 30 days, ordering the respondent to pay the initially imposed penalty of Rs. 3,17,089 for clandestine cement removal. The case highlights the strict application of Section 11AC of the Central Excise Act, emphasizing the importance of timely duty payment for penalty reduction and adherence to statutory provisions to avoid consequences under the Act. Case-Laws Central Excise Tue, 06 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246653