https://www.taxtmi.com/caselaws?id=386447 The Tribunal allowed the appeals to the limited extent of including the option of reduced penalty under section 11AC of the Central Excise Act, 1944, emphasizing the importance of compliance with statutory provisions in cases involving duty liability and penalties. The decision clarified manufacturers' obligations in determining assessable value for duty payment and highlighted the consequences of non-compliance with procedural requirements. It also showed the Tribunal's approach to balancing enforcement with fairness by offering the opportunity for reduced penalties, subject to meeting specific conditions outlined in the law. en-us Thu, 11 Apr 2019 00:00:00 +0530 Sat, 28 Sep 2019 07:46:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386447 The Tribunal allowed the appeals to the limited extent of including the option of reduced penalty under section 11AC of the Central Excise Act, 1944, emphasizing the importance of compliance with statutory provisions in cases involving duty liability and penalties. The decision clarified manufacturers' obligations in determining assessable value for duty payment and highlighted the consequences of non-compliance with procedural requirements. It also showed the Tribunal's approach to balancing enforcement with fairness by offering the opportunity for reduced penalties, subject to meeting specific conditions outlined in the law. Case-Laws Central Excise Thu, 11 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386447