https://www.taxtmi.com/caselaws?id=254877 The Court held that the appellant should have been offered the option to pay the entire duty with interest within 30 days to benefit from reduced penalties under Section 11AC of the Central Excise Act. The tribunal's decision was reversed, requiring the appellant to deposit the entire unpaid duty with interest and 1/4th penalty to avail the reduction. The appeal was allowed, and the case was disposed of in favor of the appellant, emphasizing the importance of granting the option for reduced penalties as established by judicial precedents and upheld by the Supreme Court. en-us Fri, 19 Dec 2014 00:00:00 +0530 Tue, 09 Jun 2015 16:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254877 The Court held that the appellant should have been offered the option to pay the entire duty with interest within 30 days to benefit from reduced penalties under Section 11AC of the Central Excise Act. The tribunal's decision was reversed, requiring the appellant to deposit the entire unpaid duty with interest and 1/4th penalty to avail the reduction. The appeal was allowed, and the case was disposed of in favor of the appellant, emphasizing the importance of granting the option for reduced penalties as established by judicial precedents and upheld by the Supreme Court. Case-Laws Central Excise Fri, 19 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254877