https://www.taxtmi.com/caselaws?id=357843 The Tribunal affirmed that the amended Section 11AC of the Central Excise Act, 1944 mandates closure of proceedings upon payment of duty, interest, and 15% penalty. The imposition of redemption fines and additional penalties beyond the 15% penalty was set aside, except for reduced penalties for excess stock of finished goods. The appellant was granted credit for duty-paid goods returned to the factory, subject to compliance with procedural rules. The Revenue's appeal was dismissed, and the order was pronounced on 28/02/2018. en-us Wed, 28 Feb 2018 00:00:00 +0530 Fri, 30 Mar 2018 15:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357843 The Tribunal affirmed that the amended Section 11AC of the Central Excise Act, 1944 mandates closure of proceedings upon payment of duty, interest, and 15% penalty. The imposition of redemption fines and additional penalties beyond the 15% penalty was set aside, except for reduced penalties for excess stock of finished goods. The appellant was granted credit for duty-paid goods returned to the factory, subject to compliance with procedural rules. The Revenue's appeal was dismissed, and the order was pronounced on 28/02/2018. Case-Laws Central Excise Wed, 28 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357843