https://www.taxtmi.com/caselaws?id=256089 Section 11AC of the Central Excise Act, 1944 was treated as mandatory once its conditions were satisfied, leaving no discretion to reduce the penalty on equitable grounds. Payment of duty after receipt of the show cause notice did not wipe out liability to penalty where the statute required its imposition in the prescribed measure. The Tribunal's reduction of the penalty as excessive was inconsistent with the statutory scheme, so the reduced penalty was unsustainable. en-us Thu, 22 Jan 2015 00:00:00 +0530 Tue, 03 Feb 2015 06:05:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256089 Section 11AC of the Central Excise Act, 1944 was treated as mandatory once its conditions were satisfied, leaving no discretion to reduce the penalty on equitable grounds. Payment of duty after receipt of the show cause notice did not wipe out liability to penalty where the statute required its imposition in the prescribed measure. The Tribunal's reduction of the penalty as excessive was inconsistent with the statutory scheme, so the reduced penalty was unsustainable. Case-Laws Central Excise Thu, 22 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256089