https://www.taxtmi.com/caselaws?id=108675 Non-disclosure of cylinder and art work charges recovered through debit notes was treated as suppression, triggering penalty exposure under Section 11AC of the Central Excise Act, 1944. The Tribunal held that once the statutory conditions for penalty were attracted, the provision operated mandatorily, and a plea of bona fide lapse or absence of intention to evade duty was insufficient to avoid the statutory consequence. The penalty under Section 11AC was therefore upheld against the assessee. en-us Wed, 27 Feb 2002 00:00:00 +0530 Tue, 03 Apr 2012 12:59:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108675 Non-disclosure of cylinder and art work charges recovered through debit notes was treated as suppression, triggering penalty exposure under Section 11AC of the Central Excise Act, 1944. The Tribunal held that once the statutory conditions for penalty were attracted, the provision operated mandatorily, and a plea of bona fide lapse or absence of intention to evade duty was insufficient to avoid the statutory consequence. The penalty under Section 11AC was therefore upheld against the assessee. Case-Laws Central Excise Wed, 27 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108675