https://www.taxtmi.com/caselaws?id=349803 The Tribunal upheld the reduction of penalty to 25% of the duty imposed on an assessee for non-payment of Additional Excise Duty (AED) despite the assessee paying the disputed duty and interest before the show cause notice was issued. The Tribunal found penalties warranted under Rule 25 of Central Excise Rules 2002 read with section 11AC of the Central Excise Act 1994 due to non-payment of AED discovered during an investigation. Both Revenue and Assessee appeals against the penalty were dismissed, affirming the Tribunal's decision. en-us Fri, 25 Aug 2017 00:00:00 +0530 Thu, 26 Oct 2017 08:35:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349803 The Tribunal upheld the reduction of penalty to 25% of the duty imposed on an assessee for non-payment of Additional Excise Duty (AED) despite the assessee paying the disputed duty and interest before the show cause notice was issued. The Tribunal found penalties warranted under Rule 25 of Central Excise Rules 2002 read with section 11AC of the Central Excise Act 1994 due to non-payment of AED discovered during an investigation. Both Revenue and Assessee appeals against the penalty were dismissed, affirming the Tribunal's decision. Case-Laws Central Excise Fri, 25 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349803