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2017 (12) TMI 487 - AT - Central ExciseClandestine removal - penalty - Held that: - Since, the proprietor himself has admitted the fact, there is no need for any further corroboration is my view and the demand which is confirmed by the first appellate authority is correct, legal and does not require any interference, also interest liability thereunder. The provisions of Section 11 AC indicate that when there is reduction of incidence of demand of duty, in the appellate proceedings, the penalty liability also has to be recalculated as per the provisions of Section 11 AC of CEA, 1944 and the first appellate authority should have extended the benefit of reduced penalty of ₹ 25% of the amount of ₹ 2,85,325/-. Appeal disposed off.
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