https://www.taxtmi.com/caselaws?id=174205 The Court affirmed that the benefit of reduced penalty under Section 11AC of the Central Excise Act can be availed at the appellate stage, allowing for a penalty reduction to 25% if duty and interest are paid within 30 days. The Tribunal's decision to grant this benefit was upheld, emphasizing the importance of timely payment to reduce penalties and encourage compliance with the law. The judgment underscored procedural fairness and adherence to statutory provisions in cases of duty evasion and penalty imposition, ultimately providing relief to the respondent while maintaining the legal framework. en-us Tue, 21 Aug 2012 00:00:00 +0530 Tue, 21 Feb 2017 06:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174205 The Court affirmed that the benefit of reduced penalty under Section 11AC of the Central Excise Act can be availed at the appellate stage, allowing for a penalty reduction to 25% if duty and interest are paid within 30 days. The Tribunal's decision to grant this benefit was upheld, emphasizing the importance of timely payment to reduce penalties and encourage compliance with the law. The judgment underscored procedural fairness and adherence to statutory provisions in cases of duty evasion and penalty imposition, ultimately providing relief to the respondent while maintaining the legal framework. Case-Laws Central Excise Tue, 21 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174205