https://www.taxtmi.com/caselaws?id=187438 The Supreme Court held that authorities cannot impose less penalty under Section 11AC of the Central Excise Act. Penalties in various appeals were increased to 100% of the duties. However, the Court considered Provisos to Section 11AC, allowing for reduced penalties if dues are paid within thirty days. The Tribunal's orders not providing this option were set aside, remanding matters for fresh adjudication with the opportunity for assessees to deposit reduced penalties within thirty days. The penalty was enhanced to the duty amount, with the option to pay reduced penalties within thirty days from the order date. en-us Tue, 21 Jul 2009 00:00:00 +0530 Fri, 21 Oct 2016 14:17:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187438 The Supreme Court held that authorities cannot impose less penalty under Section 11AC of the Central Excise Act. Penalties in various appeals were increased to 100% of the duties. However, the Court considered Provisos to Section 11AC, allowing for reduced penalties if dues are paid within thirty days. The Tribunal's orders not providing this option were set aside, remanding matters for fresh adjudication with the opportunity for assessees to deposit reduced penalties within thirty days. The penalty was enhanced to the duty amount, with the option to pay reduced penalties within thirty days from the order date. Case-Laws Central Excise Tue, 21 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187438