https://www.taxtmi.com/caselaws?id=431444 The Tribunal held that the appellant was entitled to pay only 25% of the penalty amount under the first proviso to Sec. 11AC of the Central Excise Act, 1944, as they had paid the duty and interest within 30 days of the order. The decision was based on the interpretation that the option to pay a reduced penalty should be available from the date of the appellate order. The appeal was partly allowed, setting aside the equal penalty imposition while confirming the duty and interest amounts. en-us Mon, 12 Dec 2022 00:00:00 +0530 Wed, 14 Dec 2022 09:05:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431444 The Tribunal held that the appellant was entitled to pay only 25% of the penalty amount under the first proviso to Sec. 11AC of the Central Excise Act, 1944, as they had paid the duty and interest within 30 days of the order. The decision was based on the interpretation that the option to pay a reduced penalty should be available from the date of the appellate order. The appeal was partly allowed, setting aside the equal penalty imposition while confirming the duty and interest amounts. Case-Laws Central Excise Mon, 12 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431444