2015 (11) TMI 505 - AT - Central Excise

Duty demand - imposition of penalty of equal amount of CENVAT Credit under Section 11AC of Central Excise Act, 1944 - Held that - both the authorities below have not given option to pay penalty 25% of the duty under Section 11AC of the Act. - Appellant is entitled to pay the penalty 25% of the duty alongwith duty and interest within 30 days from the date of communication of this order. - Appeal disposed of.

Summary

The Appellate Tribunal CESTAT Ahmedabad allowed the appellant to pay penalty of 25% of the duty along with duty and interest within 30 days as authorities did not provide this option earlier. The appeal was disposed of accordingly. Key references included Exotic Associates Vs CCE and other similar cases.