https://www.taxtmi.com/caselaws?id=50814 Penalty under Rule 173Q and Section 11AC was treated as mandatory once the statutory conditions were satisfied, and prior payment of duty and interest before the show cause notice did not remove penal liability. However, the adjudicating authority had discretion to calibrate the quantum with reference to the gravity of the offence and the extent of evasion. On those facts, the penalty was upheld in principle but reduced, giving the assessee partial relief on amount only. en-us Tue, 16 Oct 2001 00:00:00 +0530 Thu, 09 Sep 2010 10:10:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50814 Penalty under Rule 173Q and Section 11AC was treated as mandatory once the statutory conditions were satisfied, and prior payment of duty and interest before the show cause notice did not remove penal liability. However, the adjudicating authority had discretion to calibrate the quantum with reference to the gravity of the offence and the extent of evasion. On those facts, the penalty was upheld in principle but reduced, giving the assessee partial relief on amount only. Case-Laws Central Excise Tue, 16 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50814