https://www.taxtmi.com/caselaws?id=2238 Rule 25 penalties can take the benefit of the first proviso to Section 11AC where the statutory conditions for reduced penalty are satisfied, including payment within the prescribed period with interest. On the facts, the penalty was restricted to 25% of the duty determined because the duty demand had been adjusted and the concessional mechanism applied. A separate penalty on the partner under Rule 26 was not warranted, as the partner's exposure was treated as merged with the firm's joint and several liability for the firm's penalty. en-us Mon, 16 Jul 2007 00:00:00 +0530 Tue, 15 Apr 2008 17:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2238 Rule 25 penalties can take the benefit of the first proviso to Section 11AC where the statutory conditions for reduced penalty are satisfied, including payment within the prescribed period with interest. On the facts, the penalty was restricted to 25% of the duty determined because the duty demand had been adjusted and the concessional mechanism applied. A separate penalty on the partner under Rule 26 was not warranted, as the partner's exposure was treated as merged with the firm's joint and several liability for the firm's penalty. Case-Laws Central Excise Mon, 16 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2238