Penalty for short or non levy of excise duty establishes tiered sanctions, including heightened liability for fraudulent evasion. Section 11AC establishes a tiered penalty scheme for under levy, non levy or erroneous refund of excise duty: full penalty where under levy results from fraud, collusion, willful misstatement, suppression of facts or intent to evade; a reduced records based penalty where specified records disclose the transactions; a further reduced penalty where duty and interest are paid promptly after the officer's order; and automatic modification of penalty and interest following appellate adjustment, with time for payment of increased amounts counted from the appellate order.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Penalty for short or non levy of excise duty establishes tiered sanctions, including heightened liability for fraudulent evasion.
Section 11AC establishes a tiered penalty scheme for under levy, non levy or erroneous refund of excise duty: full penalty where under levy results from fraud, collusion, willful misstatement, suppression of facts or intent to evade; a reduced records based penalty where specified records disclose the transactions; a further reduced penalty where duty and interest are paid promptly after the officer's order; and automatic modification of penalty and interest following appellate adjustment, with time for payment of increased amounts counted from the appellate order.
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