https://www.taxtmi.com/caselaws?id=341176 The Tribunal upheld the imposition of a penalty equal to the duty evaded under Section 11AC, rejecting the reduction granted by the Commissioner (Appeals). Despite the respondent's admission of duty evasion and voluntary payment, failure to pay 25% of the penalty within 30 days led to the denial of reduced penalty benefits. Citing legal precedents and statutory requirements, the Tribunal emphasized the necessity of penalties aligning with the evaded duty amount. The appeal by the Revenue was allowed, affirming the imposition of the penalty matching the duty evaded. en-us Tue, 21 Mar 2017 00:00:00 +0530 Tue, 04 Apr 2017 09:57:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341176 The Tribunal upheld the imposition of a penalty equal to the duty evaded under Section 11AC, rejecting the reduction granted by the Commissioner (Appeals). Despite the respondent's admission of duty evasion and voluntary payment, failure to pay 25% of the penalty within 30 days led to the denial of reduced penalty benefits. Citing legal precedents and statutory requirements, the Tribunal emphasized the necessity of penalties aligning with the evaded duty amount. The appeal by the Revenue was allowed, affirming the imposition of the penalty matching the duty evaded. Case-Laws Central Excise Tue, 21 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341176