https://www.taxtmi.com/caselaws?id=339330 The Tribunal reduced penalties imposed on the main appellant and the Director to 25% of the confirmed duty, citing the failure to offer the 25% penalty option as per section 11AC proviso. The appellants, who did not dispute duty liability and had paid duty and interest before the notice, argued for penalty reduction, referencing legal precedents. The decision emphasized adherence to penalty provisions in excise law and fair application based on statutory requirements, resulting in a favorable outcome for the appellants. en-us Mon, 19 Dec 2016 00:00:00 +0530 Fri, 24 Feb 2017 18:07:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339330 The Tribunal reduced penalties imposed on the main appellant and the Director to 25% of the confirmed duty, citing the failure to offer the 25% penalty option as per section 11AC proviso. The appellants, who did not dispute duty liability and had paid duty and interest before the notice, argued for penalty reduction, referencing legal precedents. The decision emphasized adherence to penalty provisions in excise law and fair application based on statutory requirements, resulting in a favorable outcome for the appellants. Case-Laws Central Excise Mon, 19 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339330