https://www.taxtmi.com/caselaws?id=171221 The High Court upheld the Tribunal's decision in a Tax Appeal regarding the interpretation of the proviso of Section 11AC of the Central Excise Act, 1944. The Court affirmed that the assessee could deposit 25% of the penalty within 30 days to restrict the penalty to 25% of the duty amount without re-determining the duty quantum. Emphasizing the importance of timely payment, the Court directed the adjudicating authority to inform the assessee of any outstanding interest or penalty for compliance within 30 days to avail the benefit of reduced penalty, dismissing the appeal as no substantial question of law arose. en-us Wed, 17 Feb 2010 00:00:00 +0530 Tue, 14 Jul 2015 11:22:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=171221 The High Court upheld the Tribunal's decision in a Tax Appeal regarding the interpretation of the proviso of Section 11AC of the Central Excise Act, 1944. The Court affirmed that the assessee could deposit 25% of the penalty within 30 days to restrict the penalty to 25% of the duty amount without re-determining the duty quantum. Emphasizing the importance of timely payment, the Court directed the adjudicating authority to inform the assessee of any outstanding interest or penalty for compliance within 30 days to avail the benefit of reduced penalty, dismissing the appeal as no substantial question of law arose. Case-Laws Central Excise Wed, 17 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=171221