https://www.taxtmi.com/caselaws?id=269901 The Tribunal upheld the Commissioner (Appeals) order reducing the penalty to 25% of the duty demanded in the first appeal. In the second appeal, the Tribunal dismissed the Revenue's appeal as the penalty had already been reduced by the Commissioner (Appeals). The judgment highlighted the importance of timely payment of duty and interest in determining the penalty amount under Section 11AC of the Central Excise Act, 1944. en-us Wed, 18 Nov 2015 00:00:00 +0530 Thu, 24 Dec 2015 10:08:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269901 The Tribunal upheld the Commissioner (Appeals) order reducing the penalty to 25% of the duty demanded in the first appeal. In the second appeal, the Tribunal dismissed the Revenue's appeal as the penalty had already been reduced by the Commissioner (Appeals). The judgment highlighted the importance of timely payment of duty and interest in determining the penalty amount under Section 11AC of the Central Excise Act, 1944. Case-Laws Central Excise Wed, 18 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269901