2019 (3) TMI 1618 - SCH - Central Excise

Penalty u/s 11AC - Whether the penalty under Section 11AC which is mandatory in nature can be reduced or waived by the Hon'ble CESTAT? - HELD THAT - Issue Notice. List the matter after three weeks.

Summary

The Supreme Court issued an order granting two weeks for the respondent to file a counter affidavit, with a week for a rejoinder affidavit. The matter will be listed after three weeks, and in the meantime, the respondent is barred from taking coercive steps for penalty recovery.