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of <h1>Central Excise Guide: Section 11AC and Rules 25-27 Detail Penalties for Fraud, Misstatement, and Incorrect Credit Claims</h1> The Central Excise Guide outlines penalties and confiscation provisions under various sections and rules. Section 11AC mandates penalties equal to unpaid duties due to fraud or misstatement, reduced to 25% if settled within 30 days. Rule 25 imposes penalties on manufacturers or dealers for specific contraventions, with goods liable for confiscation. Rule 26 penalizes those dealing with goods known to be confiscable. Rule 27 provides a general penalty up to Rs. 5000/- for unspecified contraventions. Cenvat Credit Rules 15 and 15A impose penalties for incorrect credit claims, with harsher penalties for fraudulent actions.
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