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of <h1>Understanding Penalties Under Section 11AC: Excise Duty Discrepancies and Fraudulent Intent Explained</h1> Section 11AC of the Central Excise Act, 1944, outlines penalties for non-levy, short-levy, non-payment, or erroneous refund of excise duty. If such discrepancies occur without fraudulent intent, a penalty up to 10% of the duty or 5,000, whichever is higher, is imposed. If the duty and interest are paid before or within 30 days of a show cause notice, no penalty applies. In cases involving fraud or intent to evade, the penalty equals the duty amount, with provisions for reduced penalties if payments are made within specified periods. Modifications by appellate authorities adjust penalties and interest accordingly.
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