https://www.taxtmi.com/caselaws?id=202673 The High Court held that penalties under Section 11AC of the Central Excise Act were not applicable as there was no evidence of clandestine removal or duty evasion. The Court emphasized the necessity of meeting statutory requirements for imposing penalties and ruled that reliance on a statement alone was insufficient to prove intention to evade duty payment. The Tribunal's decision to set aside the penalty was upheld, as the essential conditions for Section 11AC penalties were not satisfied, leading to the dismissal of the appeal. en-us Wed, 22 Sep 2010 00:00:00 +0530 Sun, 10 Apr 2011 23:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202673 The High Court held that penalties under Section 11AC of the Central Excise Act were not applicable as there was no evidence of clandestine removal or duty evasion. The Court emphasized the necessity of meeting statutory requirements for imposing penalties and ruled that reliance on a statement alone was insufficient to prove intention to evade duty payment. The Tribunal's decision to set aside the penalty was upheld, as the essential conditions for Section 11AC penalties were not satisfied, leading to the dismissal of the appeal. Case-Laws Central Excise Wed, 22 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202673