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2011 (7) TMI 469 - CESTAT, AHEMDABADPenalty impose under 11AC - Respondents fairly agreed that confirmation of demand of duty Rs. 8,39,262/- by Commissioner (Appeal) has not been challenged by them. Similarly, there is no challenge/ contest to imposition of penalty under Section 11AC of the Central Excise Act, 1944 - Held that no option to pay 25% of the penalty, within a period of 30 days from the date of receipt of the order was extended by the lower authorities, in terms of provisos to Section 11AC, and the same can be extended to them now - Therefore option is given to the appellants to pay 25% of penalty along with duty and interest, within 30 days of passing of this order, in which case the penalty shall stand reduced to that amount.
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