https://www.taxtmi.com/caselaws?id=166249 The Tribunal set aside the penalty imposed under Section 11AC of the Central Excise Act on duty paid after a show cause notice, emphasizing the requirement of bona fide conduct by the assessee to avoid penalty. The High Court overturned the Tribunal's decision, holding that lack of bona fide conduct by the assessee precludes a claim for refund based on duty paid post-notice. The judgment underscores the importance of demonstrating genuine actions by the assessee post-evasion detection to potentially avoid penalty under Section 11AC. en-us Thu, 04 Aug 2011 00:00:00 +0530 Fri, 05 Sep 2014 18:44:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166249 The Tribunal set aside the penalty imposed under Section 11AC of the Central Excise Act on duty paid after a show cause notice, emphasizing the requirement of bona fide conduct by the assessee to avoid penalty. The High Court overturned the Tribunal's decision, holding that lack of bona fide conduct by the assessee precludes a claim for refund based on duty paid post-notice. The judgment underscores the importance of demonstrating genuine actions by the assessee post-evasion detection to potentially avoid penalty under Section 11AC. Case-Laws Central Excise Thu, 04 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166249