https://www.taxtmi.com/caselaws?id=265234 The appellant was entitled to the first and second proviso to Section 11AC of the Central Excise Act, 1944, allowing a penalty of 25% of the duty amount if paid within the specified period. The penalty imposed equal to the duty amount was incorrect, and the appellant was directed to pay only 25% of the duty as penalty. The Court emphasized the need for compliance with the provisions of Section 11AC and clarity on options available to the assessee. The appeal was allowed, and the penalty was reduced accordingly. en-us Wed, 30 Sep 2015 00:00:00 +0530 Thu, 25 Feb 2016 11:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265234 The appellant was entitled to the first and second proviso to Section 11AC of the Central Excise Act, 1944, allowing a penalty of 25% of the duty amount if paid within the specified period. The penalty imposed equal to the duty amount was incorrect, and the appellant was directed to pay only 25% of the duty as penalty. The Court emphasized the need for compliance with the provisions of Section 11AC and clarity on options available to the assessee. The appeal was allowed, and the penalty was reduced accordingly. Case-Laws Central Excise Wed, 30 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265234