https://www.taxtmi.com/caselaws?id=247865 The High Court ruled in favor of the Revenue, overturning the CESTAT's decision, and directed the assessee, a detergent manufacturer, to pay a penalty of 25% of the determined differential duty for incorrectly availing credit on capital goods. The Court emphasized that early payment of differential duty before the show cause notice does not absolve the assessee from penalty under Section 11AC of the Central Excise Act, as it is a punishment for deliberate deception to evade duty. The penalty amount must be equal to the duty determined, aligning with statutory provisions and setting aside the CESTAT's order. en-us Wed, 21 Sep 2011 00:00:00 +0530 Sun, 25 May 2014 13:36:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247865 The High Court ruled in favor of the Revenue, overturning the CESTAT's decision, and directed the assessee, a detergent manufacturer, to pay a penalty of 25% of the determined differential duty for incorrectly availing credit on capital goods. The Court emphasized that early payment of differential duty before the show cause notice does not absolve the assessee from penalty under Section 11AC of the Central Excise Act, as it is a punishment for deliberate deception to evade duty. The penalty amount must be equal to the duty determined, aligning with statutory provisions and setting aside the CESTAT's order. Case-Laws Central Excise Wed, 21 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247865