https://www.taxtmi.com/forum/issue?id=108135 The amendment replaces Section 11AC to create two penalty regimes: for non-culpable cases a penalty up to ten percent of the determined duty applies, with waiver if duty and interest are paid before or within thirty days of show cause notice and a reduced penalty of twenty-five percent of the imposed penalty where paid within thirty days of the officer's order; appellate reductions adjust the penalty. For culpable cases a penalty equal to the determined duty applies (halved for transactions recorded in a specified register for a stated historical period), with payment-triggered reductions and similar appellate modification and timely-payment conditions. en-us Sat, 28 Feb 2015 23:40:30 +0530 Thu, 23 Jan 2025 15:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=108135 The amendment replaces Section 11AC to create two penalty regimes: for non-culpable cases a penalty up to ten percent of the determined duty applies, with waiver if duty and interest are paid before or within thirty days of show cause notice and a reduced penalty of twenty-five percent of the imposed penalty where paid within thirty days of the officer's order; appellate reductions adjust the penalty. For culpable cases a penalty equal to the determined duty applies (halved for transactions recorded in a specified register for a stated historical period), with payment-triggered reductions and similar appellate modification and timely-payment conditions. Discussion-Forum Central Excise Sat, 28 Feb 2015 23:40:30 +0530 https://www.taxtmi.com/forum/issue?id=108135