https://www.taxtmi.com/caselaws?id=121137 The High Court of Punjab & Haryana set aside the penalty imposed under Section 11AC of the Central Excise Act, 1944, emphasizing the need for evidence of fraud or willful misstatement. The Tribunal ultimately concluded that the penalty could not be invoked due to lack of such evidence, allowing the appeals. The case involved a duty demand based on detected shortages, but the prompt payment upon discovery led to the setting aside of the penalty under Section 11AC for alleged clandestine removal of goods. The judgment underscored the importance of evidence and merit-based examination in penalty imposition cases under the Act. en-us Mon, 05 Feb 2007 00:00:00 +0530 Thu, 26 Jul 2012 17:55:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121137 The High Court of Punjab & Haryana set aside the penalty imposed under Section 11AC of the Central Excise Act, 1944, emphasizing the need for evidence of fraud or willful misstatement. The Tribunal ultimately concluded that the penalty could not be invoked due to lack of such evidence, allowing the appeals. The case involved a duty demand based on detected shortages, but the prompt payment upon discovery led to the setting aside of the penalty under Section 11AC for alleged clandestine removal of goods. The judgment underscored the importance of evidence and merit-based examination in penalty imposition cases under the Act. Case-Laws Central Excise Mon, 05 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121137