https://www.taxtmi.com/caselaws?id=166931 The High Court held that the penalty under Section 11AC of the Central Excise Act, 1944 cannot be reduced even when duty evasion is proven, and the authority reducing the penalty must provide reasons for the reduction. The Supreme Court clarified that the penalty specified under Section 11AC must be imposed if conditions like fraud, collusion, wilful misstatement, or suppression of facts are satisfied, with no discretion for a lesser penalty. The Court set aside the Tribunal's order reducing the penalty, as the relevant conditions were not examined, and ruled that 100% penalty must be imposed in such cases. en-us Fri, 29 Oct 2010 00:00:00 +0530 Thu, 13 Nov 2014 14:18:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166931 The High Court held that the penalty under Section 11AC of the Central Excise Act, 1944 cannot be reduced even when duty evasion is proven, and the authority reducing the penalty must provide reasons for the reduction. The Supreme Court clarified that the penalty specified under Section 11AC must be imposed if conditions like fraud, collusion, wilful misstatement, or suppression of facts are satisfied, with no discretion for a lesser penalty. The Court set aside the Tribunal's order reducing the penalty, as the relevant conditions were not examined, and ruled that 100% penalty must be imposed in such cases. Case-Laws Central Excise Fri, 29 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166931