https://www.taxtmi.com/caselaws?id=170725 The Tribunal upheld the penalty under Section 11AC of the Central Excise Act, 1944, due to the suppression element in continuing to avail credit post-insurance claim. However, the impugned order was set aside as the appellant was not given the option to pay 25% of the penalty as mandated by statutory provisions. The Adjudicating Authority was directed to allow the appellant to exercise this option, as per the judgment cited. en-us Fri, 03 Jan 2014 00:00:00 +0530 Thu, 04 Jun 2015 11:59:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170725 The Tribunal upheld the penalty under Section 11AC of the Central Excise Act, 1944, due to the suppression element in continuing to avail credit post-insurance claim. However, the impugned order was set aside as the appellant was not given the option to pay 25% of the penalty as mandated by statutory provisions. The Adjudicating Authority was directed to allow the appellant to exercise this option, as per the judgment cited. Case-Laws Central Excise Fri, 03 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170725