https://www.taxtmi.com/caselaws?id=76502 The High Court upheld the imposition of penalty under Section 11AC of the Central Excise Act, 1944, as equal to the duty determined under Section 11A(2) of the Act, setting aside the Tribunal's reduction of the penalty amount to Rs. 50,000. The Court emphasized the mandatory nature of the penalty under Section 11AC and confirmed the Original Authority's decision, ruling in favor of the appellant and against the assessee, sustaining the levy of penalty for suppression of facts to evade duty. en-us Fri, 13 Nov 2009 00:00:00 +0530 Tue, 29 Jun 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76502 The High Court upheld the imposition of penalty under Section 11AC of the Central Excise Act, 1944, as equal to the duty determined under Section 11A(2) of the Act, setting aside the Tribunal's reduction of the penalty amount to Rs. 50,000. The Court emphasized the mandatory nature of the penalty under Section 11AC and confirmed the Original Authority's decision, ruling in favor of the appellant and against the assessee, sustaining the levy of penalty for suppression of facts to evade duty. Case-Laws Central Excise Fri, 13 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76502