https://www.taxtmi.com/caselaws?id=183707 Interpretation of the second proviso to Section 11AC of the Central Excise Act governed the penalty dispute. Where duty and interest are paid within the stipulated period, the assessee may avail the statutory reduced penalty of 25% instead of the penalty equal to duty. The issue was treated as covered by an earlier Division Bench view following the Delhi High Court, and no contrary Supreme Court or coordinate-court authority was shown. The Revenue therefore could not claim the full penalty, and the reduced penalty benefit was upheld; the appeal was dismissed. en-us Wed, 27 Jan 2010 00:00:00 +0530 Sat, 18 Jun 2016 15:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183707 Interpretation of the second proviso to Section 11AC of the Central Excise Act governed the penalty dispute. Where duty and interest are paid within the stipulated period, the assessee may avail the statutory reduced penalty of 25% instead of the penalty equal to duty. The issue was treated as covered by an earlier Division Bench view following the Delhi High Court, and no contrary Supreme Court or coordinate-court authority was shown. The Revenue therefore could not claim the full penalty, and the reduced penalty benefit was upheld; the appeal was dismissed. Case-Laws Central Excise Wed, 27 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183707