https://www.taxtmi.com/caselaws?id=359907 The Appellate Tribunal CESTAT MUMBAI corrected an error in the order regarding the penalty under Section 11AC of the Central Excise Act. The Tribunal acknowledged the need to re-quantify the penalty in line with the duty finally confirmed after adjusting any available CENVAT Credit. The judgment clarified that the penalty should be imposed due to the suppression of facts by the appellant but must be recalculated based on the corrected duty amount. The appeal was remanded with the necessary corrections, ensuring consistency and accuracy in the decision-making process. en-us Wed, 04 Apr 2018 00:00:00 +0530 Mon, 07 May 2018 08:23:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359907 The Appellate Tribunal CESTAT MUMBAI corrected an error in the order regarding the penalty under Section 11AC of the Central Excise Act. The Tribunal acknowledged the need to re-quantify the penalty in line with the duty finally confirmed after adjusting any available CENVAT Credit. The judgment clarified that the penalty should be imposed due to the suppression of facts by the appellant but must be recalculated based on the corrected duty amount. The appeal was remanded with the necessary corrections, ensuring consistency and accuracy in the decision-making process. Case-Laws Central Excise Wed, 04 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359907