https://www.taxtmi.com/caselaws?id=166256 The Court overturned the Tribunal's decision on penalty imposition under Rule 571(4) of Central Excise Rules, 1944, emphasizing that payment timing does not affect liability under Section 11AC. As no proof of fraud or willful misstatement was found, the matter was remitted back to the Tribunal for proper determination. The Order-in-Original was deemed insufficient to support the Tribunal's decision, leading to the order being set aside for a fresh determination on penalty imposition under Section 11AC of the Central Excise Act, 1944. en-us Fri, 18 Mar 2011 00:00:00 +0530 Mon, 08 Sep 2014 11:55:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166256 The Court overturned the Tribunal's decision on penalty imposition under Rule 571(4) of Central Excise Rules, 1944, emphasizing that payment timing does not affect liability under Section 11AC. As no proof of fraud or willful misstatement was found, the matter was remitted back to the Tribunal for proper determination. The Order-in-Original was deemed insufficient to support the Tribunal's decision, leading to the order being set aside for a fresh determination on penalty imposition under Section 11AC of the Central Excise Act, 1944. Case-Laws Central Excise Fri, 18 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166256