https://www.taxtmi.com/caselaws?id=346706 Payment of the confirmed Cenvat credit reversal, interest and reduced penalty within the stipulated period closes proceedings against both the noticee and a co-noticee penalised for the same matter. Section 11A of the Central Excise Act was treated as pari materia with Section 28 of the Customs Act, so the circular's closure principle applied where the primary noticee made full payment. The separate penalty imposed on the partner under the Cenvat Credit Rules was therefore waived, and proceedings against both parties stood concluded. en-us Tue, 10 Jan 2017 00:00:00 +0530 Tue, 22 Aug 2017 07:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346706 Payment of the confirmed Cenvat credit reversal, interest and reduced penalty within the stipulated period closes proceedings against both the noticee and a co-noticee penalised for the same matter. Section 11A of the Central Excise Act was treated as pari materia with Section 28 of the Customs Act, so the circular's closure principle applied where the primary noticee made full payment. The separate penalty imposed on the partner under the Cenvat Credit Rules was therefore waived, and proceedings against both parties stood concluded. Case-Laws Central Excise Tue, 10 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346706