https://www.taxtmi.com/caselaws?id=111390 Where an extended-period central excise demand is accepted and remains undisputed, the statutory consequences of penalty and interest follow. The text states that invocation of the proviso to Section 11A(1) was accepted, so penalty under Section 11AC and interest under Section 11AB became leviable. It also notes that immediate reversal of duty after detection by Central Excise officers was relevant to moderating the penalty quantum. On those facts, penalty and interest were upheld, while the penalty amount was reduced. en-us Tue, 28 Oct 2003 00:00:00 +0530 Mon, 23 Apr 2012 13:23:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111390 Where an extended-period central excise demand is accepted and remains undisputed, the statutory consequences of penalty and interest follow. The text states that invocation of the proviso to Section 11A(1) was accepted, so penalty under Section 11AC and interest under Section 11AB became leviable. It also notes that immediate reversal of duty after detection by Central Excise officers was relevant to moderating the penalty quantum. On those facts, penalty and interest were upheld, while the penalty amount was reduced. Case-Laws Central Excise Tue, 28 Oct 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111390