https://www.taxtmi.com/news?id=111 Penalty under section 11C is mandatory when its statutory conditions (such as evasion by fraud or collusion) are met and cannot be waived by the department; if those conditions are absent and duty is deposited before a show cause notice, no penalty will be levied. Interest under section 11B is mandatory and not subject to waiver. en-us Mon, 10 Sep 2007 15:20:00 +0530 Wed, 25 Jun 2008 17:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=111 Penalty under section 11C is mandatory when its statutory conditions (such as evasion by fraud or collusion) are met and cannot be waived by the department; if those conditions are absent and duty is deposited before a show cause notice, no penalty will be levied. Interest under section 11B is mandatory and not subject to waiver. News - Mon, 10 Sep 2007 15:20:00 +0530 https://www.taxtmi.com/news?id=111