https://www.taxtmi.com/caselaws?id=355333 The Court ruled in favor of the Central Excise Department, allowing the appeal and upholding the penalty reduction timelines as per the statutory provisions of the Customs Act, 1962. The appellant's challenge to the Tribunal's decision was dismissed, emphasizing that the penalty reduction to 25% is applicable only if paid within 30 days of the order, not from the show cause notice issuance. Previous judgments cited were deemed irrelevant as they did not consider the unamended Section 11AC proviso. The judgment provided a thorough analysis of the legal provisions governing penalty reductions, ensuring compliance with the Customs Act. en-us Wed, 04 Oct 2017 00:00:00 +0530 Tue, 13 Feb 2018 06:18:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355333 The Court ruled in favor of the Central Excise Department, allowing the appeal and upholding the penalty reduction timelines as per the statutory provisions of the Customs Act, 1962. The appellant's challenge to the Tribunal's decision was dismissed, emphasizing that the penalty reduction to 25% is applicable only if paid within 30 days of the order, not from the show cause notice issuance. Previous judgments cited were deemed irrelevant as they did not consider the unamended Section 11AC proviso. The judgment provided a thorough analysis of the legal provisions governing penalty reductions, ensuring compliance with the Customs Act. Case-Laws Customs Wed, 04 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355333