https://www.taxtmi.com/caselaws?id=118328 Penalty under Section 11AC of the Central Excise Act, 1944 applies only where there is short payment of duty of excise. The amount payable under Rule 6(3)(b) of the Cenvat Credit Rules is a prescribed percentage of the value of exempted goods and is not duty. Because the statutory precondition for invoking Section 11AC was absent, penalty could not be sustained on that amount. en-us Fri, 14 Jul 2006 00:00:00 +0530 Fri, 29 Jun 2012 18:41:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118328 Penalty under Section 11AC of the Central Excise Act, 1944 applies only where there is short payment of duty of excise. The amount payable under Rule 6(3)(b) of the Cenvat Credit Rules is a prescribed percentage of the value of exempted goods and is not duty. Because the statutory precondition for invoking Section 11AC was absent, penalty could not be sustained on that amount. Case-Laws Central Excise Fri, 14 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118328