https://www.taxtmi.com/caselaws?id=170304 The Tribunal rejected the Revenue's application for rectification of mistake in an order related to penalty reduction under Section 11AC of the Central Excise Act. The Tribunal held that the explanation to Section 11AC applies to cases where duty determination orders were issued after the introduction of the relevant provision in 2000, regardless of the date of the original notice. This decision clarifies the retrospective application of penalty provisions and emphasizes the significance of the timing of duty determination in determining the applicability of penalty reduction provisions. en-us Tue, 14 Dec 2010 00:00:00 +0530 Fri, 22 May 2015 11:03:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170304 The Tribunal rejected the Revenue's application for rectification of mistake in an order related to penalty reduction under Section 11AC of the Central Excise Act. The Tribunal held that the explanation to Section 11AC applies to cases where duty determination orders were issued after the introduction of the relevant provision in 2000, regardless of the date of the original notice. This decision clarifies the retrospective application of penalty provisions and emphasizes the significance of the timing of duty determination in determining the applicability of penalty reduction provisions. Case-Laws Central Excise Tue, 14 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170304