https://www.taxtmi.com/caselaws?id=253257 Where the assessee's explanation for non-payment of excise duty was bona fide, and the record did not show wilful suppression, fraud, collusion, or intent to evade duty, the mandatory consequences under the Central Excise provisions did not arise. The technical know-how charges were said to have been received for development of carburetors and passed on to the foreign collaborator, with no false explanation shown, and duty was paid after the preventive unit pointed out the mistake. On those facts, penalty under Section 11AC and interest under Section 11AB were held not leviable. en-us Thu, 30 Jan 2014 00:00:00 +0530 Wed, 19 Nov 2014 11:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253257 Where the assessee's explanation for non-payment of excise duty was bona fide, and the record did not show wilful suppression, fraud, collusion, or intent to evade duty, the mandatory consequences under the Central Excise provisions did not arise. The technical know-how charges were said to have been received for development of carburetors and passed on to the foreign collaborator, with no false explanation shown, and duty was paid after the preventive unit pointed out the mistake. On those facts, penalty under Section 11AC and interest under Section 11AB were held not leviable. Case-Laws Central Excise Thu, 30 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253257