https://www.taxtmi.com/caselaws?id=119917 Penalty under Section 11AC of the Central Excise Act was mandatory where duty demand was confirmed on suppression of material facts by invoking the extended limitation period. A dispute involving interpretation of exemption notifications could affect the quantum of penalty but could not justify its non-imposition. Moderate penalties and interest under Section 11AB were maintained. Abatement in assessable value was correctly allowed under Section 4(4)(d)(ii), as the assessee was entitled to that benefit under the controlling legal position. en-us Thu, 27 Jul 2006 00:00:00 +0530 Sat, 14 Jul 2012 11:20:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119917 Penalty under Section 11AC of the Central Excise Act was mandatory where duty demand was confirmed on suppression of material facts by invoking the extended limitation period. A dispute involving interpretation of exemption notifications could affect the quantum of penalty but could not justify its non-imposition. Moderate penalties and interest under Section 11AB were maintained. Abatement in assessable value was correctly allowed under Section 4(4)(d)(ii), as the assessee was entitled to that benefit under the controlling legal position. Case-Laws Central Excise Thu, 27 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119917